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We're watching for a buy around 145.016.

We're watching for a buy around 145.016. | 18 August 2023

18 August 2023, USD/JPY

For the past week, the USD has been in an active bearish correction, as it is right now, I am looking for a possible rally to the lowerside towards the level 145.016, \as long as the price remains above 145.016, we are going to be looking for a low risk buy position. We are basically waiting for a buy around 145.016, this is a good buy point, however, in case the price breaks and closes below this level, then this will be a good place to consider looking for low risk sell positions:

Trade Recommendations:

We're watching for a buy around 145.016.

Bob Stan
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