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We're long for now

We're long for now | 08 September 2023

08 September 2023, USD/JPY

USDJPY remains bullish since the price has not broken below the support zone at 147.27. Just as we can see from the chart above, the price is currently forming a bullish continuation, which suggests that the bullish trend is likely to continue. The market is in an impulsive phase and is currently forming the impulsive major outer wave 'V,' with our target at 148.34. If you have an active buy trade, simply move the stop loss to breakeven. You can also consider placing another long position (a risk entry) 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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