We're long for now | 05 Octubre 2023
05 Octubre 2023, USD/JPY
USDJPY remains bullish. Currently, the price is consolidating above the support zone at 148.77. Note that if the price breaks and closes below this support zone, this setup will be invalidated. The price is nearing the completion of the most outer major impulsive wave 'v,' and our target is the resistance zone at 150.40. We will wait for the price to reach our target of 150.40 before considering a short position. You can place a long position at 149.19 with a profit target range of 150.22 to 150.40.
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.
