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We're long for now

We're long for now | 27 September 2023

27 September 2023, USD/JPY

We're long for now

USDJPY remains bullish, although the price has impulsively broken above the resistance zone at 147.86, and as we can see, it has retested this zone. The price is very bullish and is almost hitting our target. The market is in an impulsive phase and is currently forming the impulsive major outer wave 'V,' which is our target at 148.34. If you have an active buy trade, simply move the stop loss to breakeven. Lastly, do not consider placing any long positions now since the price has already moved and is almost hitting our target.

Trade Recommendations:

We're long for now

Bob Stan
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