USDJPY – Down
USDJPY has completed the impulsive V wave pattern, which is typically followed by a correction in the form of an ABC corrective pattern. The current price is at 134.09, and we expect it to drop to 132.83, which will mark the completion of the minor corrective wave a. If the market breaks above (134.66), this setup will be invalidated. You can place sell orders now with your take profit at (132.83) and stop loss at (134.66). Ensure you use proper risk management since this pair this very volatile.
Trade Recommendation:
Sell USDJPY
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
