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We're long for now

We're long for now | 15 August 2023

15 August 2023, USD/JPY

We're long for now

USDJPY is exhibiting a robust bullish momentum, having already broken above the resistance zone at 144.88. This confirms the market's sustained upward trend. Currently, the market is in an impulsive phase while shaping the major outer wave 'V', with a target set at a resistance zone, "148.34". You may contemplate entering a long position, aiming for a profit target within the range of "148.34" to "150.14". To manage risk, position your stop loss at "148.34". Ensure you use proper risk management.

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We're long for now

Bob Stan
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