USDJPY is presently in a downtrend. The price is currently in an ABC corrective phase, following the bullish impulsive phase that concluded at the resistance zone of 151.70. We anticipate the price to decline, targeting at least the support zone at 146.26, marking our objective for the minor wave ‘a. You can Consider initiating a short position, setting your initial profit target at the support zone of 148.89 and your final target at the support zone of 146.26. Ensure you use proper risk management.
Trade Recommendations:
We’re short for now
Origin: FreshForex
