We're buyers for now | 19 Octubre 2023
19 Octubre 2023, USD/JPY
USDJPY is currently very bullish, and from the chart above we can see that the price is currently in an impulsive phase with the V-wave pattern. The price is rising and is approaching our target for the outer major impulsive wave "V," which is at the resistance zone of '151.89'. You can enter a long position at '150.22' with a profit target of '151.89' and a stop loss at '148.78'. Please note that this is a risky entry since the price is close to our target. Ensure you use proper risk management.
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.
