We're short | 13 April 2023

13 April 2023, USD/JPY

We're short

USDJPY is currently very bearish, As we can see on the chart above, the price reacted to the double top which was formed at a major zone/resistance zone. The price is currently forming the impulsive "V" wave pattern. Currently, the market is forming the impulsive wave V, and since we have a sell confirmation. I expect this pair to drop up to 126.70. to We can place a sell order now with our take profit at 126.70 and stop loss at 133.37. Lastly, should the market break above 134.05, this setup will be invalidated.

Trade Recommendations:

We're short

Bob Stan
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