USD/JPY. No changes. | 10 April 2024

10 April 2024, USD/JPY

USD/JPY. No changes.

Throughout the last trading day, there were no significant events for this currency pair. It seems like the price is attempting to lull vigilance before unexpectedly activating. At the same time, there is an increase in pressure on the resistance level, and only a slight effort is needed to overcome it.
Breaking through this level could trigger the formation of the concluding wave of the presumed diagonal triangle, which, in turn, would mark the culmination of the entire large upward trend that began in 2020. In such a case, it would be relevant to consider opportunities for opening sell positions in anticipation of the beginning of a significant correction downwards.
But until then, we are waiting for a breakthrough and trying to take advantage of the potential upward movement.
Investment idea: buy 152.00, stop loss 151.80, take profit 155.00.
Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus