We're sellers for now | 13 June 2023

13 June 2023, USD/JPY

We're sellers for now

USDJPY is currently in a corrective phase, specifically the ABC corrective pattern. The market is forming the minor wave "C", and upon completion of this wave, the corrective phase is expected to end. The anticipated target for the minor wave "C" is at 137.81, indicating a further downward movement. To align with this analysis, you can consider placing a sell order now with a profit target set at 137.81. It's important to use appropriate risk management techniques and set a stop loss at 140.45 to protect against adverse price movements.

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We're sellers for now

Bob Stan
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