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