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We're looking for long positions

We're looking for long positions | 30 October 2023

30 October 2023, USD/JPY

We're looking for long positions

Although USDJPY was dropping impulsively to the downside on 27/10/2023, it's important to note that this represents a short-term move, which we anticipate will conclude at 149.25. Presently, the price is in the process of forming the outer major impulsive wave 'V' with our target set at the resistance zone of 151.89. You may consider initiating a long position at 150.22, provided it's above 150.89, with a profit target at 151.89, while placing your stop loss at 148.78. Ensure you use proper risk management.

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We're looking for long positions

Bob Stan
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