USDJPY – Down
USDJPY is currently in a corrective phase, specifically forming the minor corrective wave „b.“ The expectation is for the market to form a corrective pattern, potentially an ascending channel, which is considered a bearish reversal pattern. The projection is for the price to form a double top at 143.80, which serves as the target for the completion of the minor corrective wave „b.“ Following this, a drop is anticipated, with a target of 142.22. To take advantage of this analysis, you can consider placing a sell order once the double top pattern is confirmed near 143.80. This would align with the expected bearish reversal in the corrective phase.
Trade Recommendations:
We’re short for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
