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We're long

We're long | 25 May 2023

25 May 2023, USD/JPY

We're long

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

Bob Stan
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