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USD/JPY Expectations of breaking through the resistance level remain

USD/JPY Expectations of breaking through the resistance level remain | 02 April 2024

02 April 2024, USD/JPY

USD/JPY Expectations of breaking through the resistance level remain

The situation remains unchanged for this pair. The dollar, which is successfully rising against the major European currencies, cannot make a decisive step beyond the resistance level against the Japanese yen. As a result, the price continues to move within a narrow price range with low volatility.

Ultimately, a breakthrough will still probably happen and we will see growth within the development of wave 5 of the final diagonal triangle.

Therefore, trading recommendations remain the same: a breakdown and consolidation above the resistance level.

Investment idea: buy 152.00, stop loss 151.75, take profit 155.00.

Bob Stan
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