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USD/JPY. Activity remains consistently low.

USD/JPY. Activity remains consistently low. | 04 April 2024

04 April 2024, USD/JPY

USD/JPY. Activity remains consistently low.

Activity for this currency pair remains at a minimal level. The price cannot break through the resistance level, continuing its movement below it. To be fair, there was some vague attempt to break higher, but it turned out to be quite futile. Thus, no options for directional price movement are observed at the moment.
Therefore, we continue to observe the development of events from the sidelines. For entering trades, a breakout and consolidation of the price above the specified resistance level is required. This could mark the beginning of the development of wave 5 of the final diagonal triangle.
Investment idea: flat.
Bob Stan
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