14 tháng Tám 2023, USD/JPY
USDJPY is displaying a very bullish trend. The market is currently in an impulsive phase while in the process of forming the impulsive major outer wave 'V', with a target set at 148.34. The market is presently within a significant zone, specifically a resistance zone. Our anticipation is for the market to break above this zone in an impulsive manner to the upside. This breakthrough would serve as a confirmation for us to consider placing additional long positions if you do not already hold any. It's essential to note that if the market fails to breach this zone and instead undergoes a sharp downward reversal, this setup would be invalidated.
Trade Recommendations:
We're buyers for now
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