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We're long for now

We're long for now | 03 October 2023

03 October 2023, USD/JPY

USDJPY remains bullish. The price is nearing completion of the most outer major impulsive wave 'v,' and our target is the resistance zone at 150.40. We plan to wait for the price to reach our target of "150.40" before considering a short position. If you wish to enter a long position (Risk entry), set a profit target between 150.22 and "150.40" and stop loss at "149.60". Please exercise proper risk management, as indicated by the chart, which suggests that the impulsive wave is nearly exhausted.

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We're long for now

Bob Stan
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