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We're long for now

We're long for now | 13 September 2023

13 September 2023, USD/JPY

We're long for now

USDJPY remains bullish, as evident from the chart above. The price is currently forming a bullish continuation pattern, indicating the likelihood of the bullish trend persisting. The market is in an impulsive phase and is presently shaping the impulsive major outer wave 'V,' with our target set at 148.34. If you have an active buy trade, consider moving the stop loss to breakeven. Additionally, you may contemplate placing another long position, but please be aware that it carries higher risk, with the target remaining in the range of 149.45 to 150.09.

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We're long for now

Bob Stan
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