USD/JPY. The situation remains unchanged. | 26 January 2024
26 January 2024, USD/JPY
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.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
