USD/JPY. The Price Pauses Before Further Advancement. | 24 April 2024
24 April 2024, USD/JPY
Today's trading session for the USD/JPY pair is characterized by such low activity that it may seem like trading this instrument has come to a halt. The price remains at the same levels, near the previously established maximum, without making any efforts for further advancement.
However, the situation suggests a continuation of the uptrend. This is due to the development of the final wave 5 of v, of the ending diagonal triangle, which is part of a large upward impulse.
Therefore, the previously considered trading parameters remain relevant.
Investment Idea: Buy at 154.90, Stop Loss at 154.65, Take Profit at 158.00.
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.
