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We're long for now

We're long for now | 25 August 2023

25 August 2023, USD/JPY

We're long for now

USDJPY continues to maintain its bullish momentum, as it has in the previous periods. The market is currently in an impulsive phase and is in the process of forming the major outer wave 'V'. Our target for this impulsive wave is set at 148.34. You may contemplate entering a long position once the market successfully breaks above the resistance zone at 146.43, aiming for a profit target range of 148.34 to 150.14. However, if you already have an active buy trade, it's recommended to adjust the stop loss to break even.

Trade Recommendations:

We're long for now

Bob Stan
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