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We're long for now

We're long for now | 31 October 2023

31 October 2023, USD/JPY

We're long for now

USDJPY is even though was dropping impulsively to the downside on 27/10/2023, note that this is a short move which we expect to end at 149.25, currently, the price is currently forming the outer major impulsive wave 'V' which our target is at the resistance zone of 151.89. You can place a long position at 150.22 above 150.89 with your profit target at 151.89, and place your stop loss at 148.78, note that this is a risk entry since the price is almost hitting our target. If you have an active buy position that is in profit, move the stop loss to breakeven. Ensure you use proper risk management.

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We're long for now

Bob Stan
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