USDJPY – Down
USDJPY has been bullish since last week, and we expect this bullish momentum to continue, the price is currently in a corrective phase, the market is moving in from a corrective 3-wave pattern, and the market formed an ascending channel (bearish pattern) from 130.61 to 134.65, we expected the price to sell immediately it breaks below the lower trendline of this ascending channel but this didn’t happen, the market instead broke above a major zone /resistance zone at 135.09Now,, I expect this pair to buy up to our corrective wave c target at 140.22.
Trade Recommendations:
We’re long
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