We're sellers for now | 19 Juli 2023

19 Juli 2023, USD/JPY

We're sellers for now

USDJPY is currently in a corrective phase, with the market currently at the level of minor corrective wave "b" at 139.15. The formation of a double top at this zone serves as a bearish reversal pattern, indicating a potential downward movement. Furthermore, the presence of a bear flag pattern, extending from minor wave "a" at 137.21 to minor wave "b" at 139.15, strengthens the bearish sentiment. Traders have the option to enter a sell order now or wait for a break below 137.99 before considering a sell trade entry.

Trade Recommendations:

We're sellers for now

Bob Stan
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.