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USD/JPY. The situation remains unchanged.

USD/JPY. The situation remains unchanged. | 26 January 2024

26 January 2024, USD/JPY

USD/JPY. The situation remains unchanged.

There have been no significant changes in the considered pair during the past trading day. The price has stalled, gathering momentum for some important breakthrough. Based on the current wave pattern, this breakthrough is expected to occur in the downward direction.
This is driven by the development of wave (iii) of the bearish impulse. The confirming parameters remain the same: a breakthrough and consolidation of the price below the local minimum around 146.65.
The first target of the movement could be the correction zone in the presumed wave b.
Investment idea: Sell at 146.65, stop loss at 146.90, take profit at 143.30.

Bob Stan
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