We're long for now | 14 September 2023

14 September 2023, USD/JPY

USDJPY remains bullish, as indicated by the chart above, where the price is currently forming a bullish continuation pattern. This suggests that the bullish trend is likely to persist. The market is in an impulsive phase and is presently forming 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. To add more buy orders, we will wait for the price to break above the resistance zone at 147.86 in an impulsive manner and close above it.

Trade Recommendations:

We're long for now

Bob Stan
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