We're waiting for a pullback towards 147.83 towards 151.10 | 16 Octubre 2023
16 Octubre 2023, USD/JPY
USDJPY is currently dropping towards the support zone at 147.90 correctly. This pair is still in a bullish impulsive phase with the impulsive V-wave pattern. Currently, the price is forming the corrective major outer wave "IV," with our target being 147.90. We expect the price to drop to 147.90 and then reverse to the upside. From this zone, we anticipate a price reversal to the upside. You can place a short position now with your profit target at 148.35 to 147.90. Ensure you use proper risk management.
Trade Recommendations:
We're waiting for a pullback towards 147.83 towards 151.10
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.
