USDJPY – Down
USDJPY remains bullish as we can see from the chart above that the price is also forming a bull flag. The market is still experiencing an uptrend, and since the price has not broken below the support zone at 144.52, this setup remains valid. The market is in an impulsive phase and currently forming the impulsive major outer wave ‚V‘ which our target is at 148.34. You can place a long position above the resistance zone which is at 146.54. With your profit target at 149.45-150.09. Ensure you use proper risk management.
Trade Recommendations:
We’re long for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
