USDJPY is currently undergoing a downward correction, following the ABC corrective pattern. Within this corrective phase, we anticipate a further decline with a target at (‘142.27’), which we have identified as our minor wave “a”.
It is important to closely monitor the market as it moves within this corrective structure, as there is a possibility of a reversal and a break above the level of (144.87). It is crucial to note that if such a scenario occurs, it would invalidate this particular setup.
Origin: FreshForex
