USDJPY – Down
USDJPY remains bullish, although the price has impulsively broken above the resistance zone at 147.86. This confirms bullish continuation. Just as we can see from the chart above, the price is currently forming a bullish continuation pattern, indicating that the bullish trend is likely to persist. The market is in an impulsive phase and is presently forming the impulsive major outer wave ‚V,‘ with our target set at 148.34. If you have an active buy trade, consider moving the stop loss to breakeven. You can place a long position now with your profit target set at 149.41.
Trade Recommendations:
We’re long for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
