We're long | 25 May 2023
25 May 2023, USD/JPY
USDJPY is moving exactly as predicted in our previous analysis (24/5/2023). This pair has demonstrated strong bullish momentum over the last two days, and we anticipate this trend to continue for at least the next 24 hours. The market is still in the process of forming the major impulsive outer wave "V". Our target remains at 140.70. Once the price reaches this level, it will indicate the completion of the impulsive phase and potentially mark the beginning of a corrective phase. If you currently have a buy trade open, it is recommended to set your take profit at 140.70.
Trade Recommendations:
We're long
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
