USD/JPY. Dollar to Continue Rising. Unlike the European currencies, which have been significantly turbulent and swiftly losing their positions, the yen has not been subjected to this panic. Meanwhile, the dollar has been rising against it as well. The sc | 15 April 2024
15 April 2024, USD/JPY
Unlike the European currencies, which have been significantly turbulent and swiftly losing their positions, the yen has not been subjected to this panic. Meanwhile, the dollar has been rising against it as well. The scenario under consideration continues to be confirmed.
The upward movement within the formation of the final wave 5 of v, of the ending diagonal triangle, will continue to develop, so it is recommended to keep previously opened buy trades active.
The price will try to touch the upper boundary of the model, although it is unlikely to succeed. At maximum convergence, it is recommended to lock in the profits.
Investment Idea: Buy 153.60, Stop Loss 153.35, 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.
