06 Juni 2023, USD/JPY
USDJPY is indeed experiencing a significant decline, aligning with our analysis from yesterday (June 5, 2023). The pair remains in a corrective phase, following the ABC corrective pattern. At present, the price is forming the minor wave c, with a target set at 137.65. Reaching this zone will indicate the completion of the corrective phase. If you currently hold a profitable sell trade, it is recommended to adjust your stop loss to the breakeven point and set your take profit at 137.65 to secure your profits.
Trade Recommendations:
We'r short