We're buyers for now. | 08 Agosto 2023
08 Agosto 2023, USD/JPY
USDJPY is presently exhibiting a bullish stance, following a minor drop from the resistance zone at 148.82, in alignment with our previous analysis. Notably, this pair maintains its bullish impulsive phase. As indicated by the chart above, the market is presently shaping the major outer wave 'V', with a target set at 149.25. Our projection is for the market to persist in its ascent towards 149.25, representing the anticipated conclusion of the major outer wave 'V'. For those considering trading, entering a long position could be contemplated, with a potential target range of 146.77 -149.39.
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.
