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We're long for now

We're long for now | 07 September 2023

07 September 2023, USD/JPY

We're long for now

USDJPY remains bullish, as the market continues to move impulsively to the upside. It is currently in an uptrend, having broken above the resistance zone at 147.33. The market is in an impulsive phase and is currently forming the major outer wave 'V,' with a target set at (148.34). If you have an active buy trade, consider moving the stop loss to breakeven. Additionally, since the market remains bullish, you can also consider opening another long position with a target range of 149.45 to 150.09.

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We're long for now

Bob Stan
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