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We're short

We're short | 03 August 2023

03 August 2023, USD/JPY

USDJPY is still very bullish; the market is currently in an impulsive phase. As observed from the chart above, the market is forming the major outer wave 'V', with our target set at 149.25. We anticipate the market to continue its upward trajectory, aiming for 149.25. This zone marks our expectation for the conclusion of the major outer wave 'V'. To take advantage of this potential movement, you can consider placing a buy order now if you don't have one, with your profit target set at the next resistance zone of 145.04. Be sure to employ proper risk management.

Trade Recommendations:

We're short

Bob Stan
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