USDJPY – Down
USDJPY remains bullish, although the price has impulsively broken above the resistance zone at 147.86 and, as we can see, it has retested this zone. We expect this pair to remain bullish. The market is in an impulsive phase and is currently forming the impulsive major outer wave ‚V,‘ which is our target at 148.34. If you have an active buy trade, just move the stop loss to breakeven. You can place a long position above the resistance zone at 148.43, with your profit target at 149.41. Use proper risk management.
Trade Recommendations:
We’re looking for buy positions for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
