USD/JPY. The price is experiencing significant turbulence. | 02 May 2024
02 May 2024, USD/JPY
Volatility in the considered pair has increased significantly. The price is swinging back and forth by an average of 300-350 pips. Neither of the opposing sides can gain control of the situation.
Considering the entire context, this appears to be the agony of the upward impulse movement. In such a scenario, it will likely end with a significant price decline. However, it's not advisable to rush into trading decisions at the moment.
It's necessary to wait for stabilization and a clear directional movement, rather than these powerful fluctuations up and down.
Therefore, it is recommended to stay out of the market for now and observe from the sidelines.
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.
