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Buyers still in charge

Buyers still in charge | 28 August 2023

28 August 2023, USD/JPY

USDJPY is currently bullish, as the market has just formed a bull flag, signaling an uptrend continuation. The market is in an impulsive phase and is currently forming the impulsive major outer wave 'V,' with our target set at 148.34. You might consider entering a long position after the market breaks above the resistance zone at 146.43, with a profit target ranging from 148.34 to 150.14. If you already have an active buy trade, simply move the stop loss to breakeven. Use proper risk management.

Trade Recommendations:

We're long for now

Bob Stan
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