USDJPY – Correction is overdue

14.07.2023

Contrary to expectations of the beginning of corrective growth, the price confidently continued to go down. However, this directional movement cannot last long, there must be a reaction from the buyers, which will stop the decline at least for a while.

It may happen already during the current trading day. But it is necessary to wait for confirmation. It is also worth noting that the anticipated growth is likely to be corrective in nature, with a fairly strong rebound.

It is worth trying to use it for profit taking.

Recommendations: Buy 138.15, SL 137.90, TP 140.30.