USDJPY – Down
USDJPY has experienced a bullish reversal and formed a double top pattern at (144.85), aligning with our previous analysis from July 3, 2023. The market is currently in a corrective phase, and with the confirmation of the sell signal, it is advisable to consider placing a sell order. The recommended take profit level is at (144.00) and the stop loss at (145.22), which corresponds to the target for the minor wave „a“. As always, it is crucial to prioritize proper risk management when executing trades.
Trade Recommendations:
We’re short for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
