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We're buyers for now | 29 June 2023

29 June 2023, USD/JPY

USDJPY is still in an impulsive phase, and the market is nearing the completion of the impulsive major wave "V". The expectation is for the market to continue rising with a target at 145.34. Reaching this zone would indicate the end of the impulsive phase and potentially the beginning of a corrective phase unless the price breaks above 145.34. If you currently have an active buy trade, it is suggested to consider moving the stop loss to take profit. This action helps secure profits and mitigate potential losses as the price continues to move in your favor.

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We're buyers for now

Bob Stan
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