USDJPY – Down
USDJPY is currently undergoing a downward correction, following the ABC corrective pattern. Within this corrective phase, we anticipate a further decline with a target at (‚142.27‘), which we have identified as our minor wave „a“. It is important to closely monitor the market as it moves within this corrective structure, as there is a possibility of a reversal and a break above the level of (144.87). It is crucial to note that if such a scenario occurs, it would invalidate this particular setup.
Trade Recommendations:
We’re short for now
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