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We're long for now

We're long for now | 23 October 2023

23 October 2023, USD/JPY

We're long for now

USDJPY is currently experiencing a very bullish trend, as evident from the chart above. The price is on an upward trajectory and is approaching our target for the outer major impulsive wave 'V,' which is set at the resistance zone of 151.89. You can consider entering a long position at 150.22 with a profit target of 151.89, and place your stop loss at 148.78. It's important to note that this is a high-risk entry, given the price's proximity to our target. Be sure to implement proper risk management strategies.

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We're long for now

Bob Stan
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