USDJPY – Down
USDJPY is presently exhibiting strong bearish momentum, aligning with our previous analysis from yesterday (7/4/2023). As a result, the pair remains within a corrective phase, with the formation of the minor wave „a“ currently underway. Our projected target for this corrective wave is at 142.50. If you have already entered a sell trade and it is currently generating a profit, it is advisable to adjust your stop loss to the breakeven point, safeguarding your gains. Additionally, for those who have yet to enter the market, you can still consider placing a sell order at the current market price, with a take profit set at 142.50.
Trade Recommendations:
We’re sellers for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
