We'r short | 06 June 2023

06 June 2023, USD/JPY

USDJPY is indeed experiencing a significant decline, aligning with our analysis from yesterday (June 5, 2023). The pair remains in a corrective phase, following the ABC corrective pattern. At present, the price is forming the minor wave c, with a target set at 137.65. Reaching this zone will indicate the completion of the corrective phase. If you currently hold a profitable sell trade, it is recommended to adjust your stop loss to the breakeven point and set your take profit at 137.65 to secure your profits.

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We'r short

Bob Stan
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