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USD/JPY. The Price Pauses Before Further Advancement.

USD/JPY. The Price Pauses Before Further Advancement. | 24 April 2024

24 April 2024, USD/JPY

USD/JPY. The Price Pauses Before Further Advancement.

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.

Bob Stan
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