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We're long for now

We're long for now | 17 August 2023

17 August 2023, USD/JPY

We're long for now

We maintain a bullish outlook on USDJPY, as the price remains above the support zone at 148.30. This confirms the market's strong uptrend at least for the next few days . Currently, in an impulsive phase, the market is forming the impulsive major outer wave 'V,' with our target set at 148.34. You may consider initiating a long position with a profit target ranging from 148.34 to 150.14 while placing your stop loss at 148.30. Be sure to implement proper risk management practices to mitigate unexpected losses

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We're long for now

Bob Stan
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