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We're long for now

We're long for now | 02 August 2023

02 August 2023, USD/JPY

USDJPY is currently very bullish, and the market is currently forming the impulsive major wave 'V', with our target set at 148.79. We expect the market to rise, reaching at least up to the next major resistance zone at 144.90. At this zone, we anticipate the market to reverse downwards, reaching at least 141.88, and then it may come back and break this level impulsively to the upside. After this breakout to the upside, the market is likely to rise up to our target for the major impulsive wave 'V' at 148.79. You can place a buy order now with your take profit at 148.79 and stop loss at 140.70.

Trade Recommendations:

We're long for now

Bob Stan
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