USD/JPY: Final Diagonal Triangle Nearing Completion. | 18 June 2024
18 June 2024, USD/JPY
The price continues to meander aimlessly within the channel. Buyers are likely aiming to reach the upper boundary, completing the final diagonal triangle and the entire upward impulse structure.
Given the limited upward potential, opening any trading positions at this time is not recommended.
It is better to wait for the completion of the final diagonal triangle and then sell at the start of the decline, setting a protective stop loss at the local price maximum.
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.
