02 Juni 2023, USD/JPY
USDJPY has exhibited a strong bearish trend over the past few days. At present, the market is undergoing a corrective phase, following the ABC corrective pattern. Both the minor wave "A" and minor wave "B" have already formed, and the market is currently in the process of forming the minor corrective wave "C". I anticipate that the price will continue to decline until it reaches our target at 137.43, which would signal the end of the corrective phase. To take advantage of this scenario, you can enter sell orders now, setting your take profit at 137.43 and stop loss at 139.09.
Trade Recommendations:
We're sellers