USDJPY – Down
USDJPY remains bullish. The price continues to rise, although it’s moving with low momentum, signaling a potential reversal in the near future, possibly after completing the major outer impulsive wave ‚V.‘ The price is currently very bullish and is approaching our target. The market is in an impulsive phase, currently forming the major outer wave ‚V,‘ which is our target at 148.34. If you have an active buy trade, consider moving the stop loss to breakeven. However, please refrain from opening new long positions at this time, as the price has already made significant moves and is approaching our target.
Trade Recommendations:
We’re long for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
