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USD/JPY. Expectations remain unchanged.

USD/JPY. Expectations remain unchanged. | 06 March 2024

06 March 2024, USD/JPY

USD/JPY. Expectations remain unchanged.

The considered trading pair has remained within a narrow price range. Currently, there is movement towards the lower boundary. It is likely that another attempt will be made to break through the designated level and establish itself below it. If successful, it may begin to realize the long-awaited scenario with the formation of wave (iii) of the downward impulse.
In this regard, the previously indicated levels for entering sell trades remain relevant. The nearest possible target is at the level of 145.00.
In the current situation, it is necessary to patiently wait for the moment when a directional movement begins, or try to anticipate it and enter early. The second option is represented by the specified entry parameters.
Investment idea: Sell at 149.45, stop loss at 149.90, take profit at 145.00.

Bob Stan
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