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We're long for now

We're long for now | 23 August 2023

23 August 2023, USD/JPY

We're long for now

USDJPY continues to exhibit a bullish trend. The market is presently in an impulsive phase, actively shaping the major outer wave 'V,' with a target set at "148.34". For potential long positions, consider entry after the market successfully breaches the resistance zone located at "146.430". In such cases, aim for a profit target range spanning from "148.34" to "150.140". If you're currently holding a buy trade, a prudent move would be to adjust the stop loss to breakeven. Ensure you use proper risk management.

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We're long for now

Bob Stan
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