USDJPY – Down
USDJPY continues to exhibit a bullish trend, with the price nearing completion of the most outer major impulsive wave ‚V,‘ targeting the resistance zone at (150.08). The market is currently in an impulsive phase (impulsive V-wave pattern) and forming the major outer wave ‚V,‘ with our target set at (150.08). If you have an active buy trade, consider moving the stop loss to breakeven to lock in some profits. Lastly, Please note that initiating a long position at this point carries a high level of risk.
Trade Recommendations:
We’re long for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
