USDJPY – Down
Wave Analysis
USDJPY has already completed forming the V wave wave pattern and is currently correcting to the downside, the market is currently at the minor wave a, and we’re likely to see a double top at around price 132.648, this will be a clear sign that the sellers are in control, we can place a sell from there, with a tight stop loss at 133.295 and the take profit at 128.190 which is likely to be the end of minor corrective wave c and end of major wave V, if the price breaks above area 132.629, the setup will be invalidated and we will be now looking for buy opportunities.
Trade Recommendations:
We’re short
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