USD/JPY. The Price Continues to Rise. | 25 April 2024
25 April 2024, USD/JPY
The assumption of further upward movement is being confirmed. The dollar's price is gradually but steadily moving in the direction favorable for buyers, quickly surpassing previous highs. Additionally, the global target around 160.00 remains at a decent distance.
Opening long positions still holds good potential, so it's worth considering this opportunity. It's also important to remember that the movement is likely within the framework of developing the final wave of the terminal diagonal triangle, which is a signal in the opposite direction. This signal is activated after the completion of the formation of the considered pattern.
Investment Idea: Buy at 155.70, with a stop loss at 155.50, and a take profit target 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.
