We're long for now | 08 Septiembre 2023
08 Septiembre 2023, USD/JPY
USDJPY remains bullish since the price has not broken below the support zone at 147.27. Just as we can see from the chart above, the price is currently forming a bullish continuation, which suggests that the bullish trend is likely to continue. The market is in an impulsive phase and is currently forming the impulsive major outer wave 'V,' with our target at 148.34. If you have an active buy trade, simply move the stop loss to breakeven. You can also consider placing another long position (a risk entry) with a target range of 149.45 to 150.09.
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.
