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We're buyers for now | 19 September 2023

19 September 2023, USD/JPY

USDJPY remains in a bullish trend, with no significant break above the resistance zone at 147.86 so far.The price is currently forming a bullish continuation pattern, indicating the likelihood of the bullish trend's continuation. The market is in an impulsive phase and is currently shaping the 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 open additional buy orders, we will wait for the price to convincingly break above the resistance zone at 147.86 and close above it

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We're buyers for now

Bob Stan
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