We're buyers for now | 26 Octubre 2023
26 Octubre 2023, USD/JPY
USDJPY is currently in an bullish impulsive phase, with the price showing strong upward movement. The price is presently in the process of forming the outer major impulsive wave 'V,' and our target for this wave is at the resistance zone of 151.89. You may consider entering a long position with a profit target set at 151.89 while placing your stop loss at 148.78. It's important to note that this is a high-risk entry since the price is approaching 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.
