Forex market analytics on 16.08.2023

Hello. Below are some recommendations for trading in the Forex market on 08/16/2023


A Doji pattern has formed on the USDJPY pair. The price updated the highs of 145.06, reached the upper limit of FVG and the lower limit of the order block from the weekly timeframe. Perhaps we will make a downward correction, but judging by the number of sellers in the transaction statistics, it will not drag on for a long time. A good target for correction is the lower border of FVG 143.74, about the same level as 50% of the last impulse. I do not consider sales here, if you wish, you can try to look for signals within the day.

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