USD/JPY. A decline may begin soon. | 14 May 2024
14 May 2024, USD/JPY
The situation over the past trading day has changed slightly. The dollar continues to attempt to return to its previously established high and is persistently moving upward, recovering lost ground. This growth is still considered a correction. Soon, sellers might become active enough to quickly push the price down to the lower boundary of the previously formed final diagonal triangle.
This scenario looks quite interesting. The potential for a downward movement is very significant, so the possibility of entering into sell transactions should be considered. Selling can be attempted at current market values.
Investment idea: Sell at 156.40, stop loss at 156.85, take profit at 140.00.
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.
