USD/JPY. Buyers are ready for decisive actions. | 27 March 2024
27 March 2024, USD/JPY
The past trading day, as expected, was calm. The price did not try to grow, remaining in a narrow price range and, probably, gaining strength for an upcoming attack on the resistance level, the price maximum of the last two years.
There is already a upward movement. Any moment, acceleration may occur and the price will leave even higher, activating many protective stop loss orders installed by sellers.
Thus, the development of the final wave 5 of the final diagonal triangle is assumed, as well as with it, all the long impulse growth.
It is worth trying to participate in this movement.
Investment idea: buy 151.80, stop loss 151.50, take profit 155.00.
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.
