Elliott waves analysis – We’re long for now


USDJPY remains bullish. And just as we can see from the chart above the price is currently forming a bullish continuation, which shows that the bullish trend is likely to continue, The market is in an impulsive phase and currently forming the impulsive major outer wave ‚V‘ which is our target is at 148.34. If you have an active buy trade just move the stop loss to breakeven. To place more buy orders we will wait for the price to break above the resistance zone at 147.86 impulsively and close above it.

Trade Recommendations:

We’re long for now

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