We're buyers for now | 01 Agosto 2023
01 Agosto 2023, USD/JPY
USDJPY is still very bullish, although the market is currently at a resistance zone of 142.28, which means the market can potentially drop from this zone to the downside, reaching as low as 139.49. Please note that this pair is still in an impulsive phase, and the market is currently forming the major outer wave 'V', with our target set at 148.00. We will not place a buy order now since we do not have a clear confirmation for that. Instead, we will wait for the market to break above 142.28, and then we will place buy orders.
Trade Recommendations:
We're buyers for now
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.
