USD/JPY. Everything is Going According to Plan. | 18 April 2024
18 April 2024, USD/JPY
There haven't been any significant changes in the pair during the last trading session. The pair remains within the ascending trend, presumably forming the final wave 5 of v, of the ending diagonal triangle.
The target of this movement may lie in the range of 155.00-160.00 and has not yet been reached. But it's just a matter of time.
You can try opening long positions on the breakout of the local maximum. Alternatively, you could wait for the completion of the entire upward cycle to begin selling at the very beginning of the expected prolonged decline.
Investment Idea: Flat.
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.
