USD/JPY. No changes. | 10 April 2024
10 April 2024, USD/JPY
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.
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.
