We're looking for long positions | 30 Octubre 2023
30 Octubre 2023, USD/JPY
Although USDJPY was dropping impulsively to the downside on 27/10/2023, it's important to note that this represents a short-term move, which we anticipate will conclude at 149.25. Presently, the price is in the process of forming the outer major impulsive wave 'V' with our target set at the resistance zone of 151.89. You may consider initiating a long position at 150.22, provided it's above 150.89, with a profit target at 151.89, while placing your stop loss at 148.78. Ensure you use proper risk management.
Trade Recommendations:
We're looking for long positions
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.
