Elliott waves analysis – You can consider placing a short position with your profit target at 146.36

USDJPY – Down

USDJPY is currently very bearish, the price has already broken below the trendline resistance zone impulsively at 149.99, This pair is still in a corrective phase the price is forming the minor wave ‚a‘, which our target is at the support zone of 146.36. For the better part of today, we expect the price to be very bearish, as long as the price stays below 146.36. we expect the price to drop up to 146.36. You can consider placing a short position with your profit target at 146.36.

Trade Recommendations:

You can consider placing a short position with your profit target at 146.36

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