We're long for now | 23 Agosto 2023
23 Agosto 2023, USD/JPY
USDJPY continues to exhibit a bullish trend. The market is presently in an impulsive phase, actively shaping the major outer wave 'V,' with a target set at "148.34". For potential long positions, consider entry after the market successfully breaches the resistance zone located at "146.430". In such cases, aim for a profit target range spanning from "148.34" to "150.140". If you're currently holding a buy trade, a prudent move would be to adjust the stop loss to breakeven. Ensure you use proper risk management.
Trade Recommendations:
We're long 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.
