We're short | 15 June 2023

15 June 2023, USD/JPY

We're short

USDJPY is currently in a corrective phase, following the ABC corrective pattern. The market has been trading within a range over the past few days. Presently, there is a double top formation at a resistance zone around 140.25, which suggests an increased likelihood of a downward move. However, given the ongoing ranging behavior, it is advisable to exercise caution. If you decide to enter sell orders, it is recommended to set a tight stop loss at 140.44 and take a profit at 138.42. It is important to note that once the market breaks out of the ranging zone, additional sell trades can be considered.

Trade Recommendations:

We're short

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .