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USD/JPY. The Price Will Continue to Rise.

USD/JPY. The Price Will Continue to Rise. | 19 April 2024

19 April 2024, USD/JPY

USD/JPY. The Price Will Continue to Rise.

The bullish trend remains intact. The price continues to work on developing the final wave 5 of v, representing an upward impulsive movement. There is a high probability that buyers are aiming to reach the target represented by the upper boundary of the presumed final diagonal triangle. Considering that this pattern is an expanding form, the movement in wave 5 could be quite prolonged.
Therefore, buying opportunities still have good profit potential. In the current situation, buying on the breakout of the local maximum could also be considered.
Investment Idea: Buy at 154.70, stop loss at 154.50, take profit at 158.00.

Bob Stan
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