USD/JPY: Low Activity Persists. | 19 June 2024
19 June 2024, USD/JPY
The situation for the USD/JPY pair remains consistently calm. The price is not making any sharp movements, maintaining balance at the same level. Everything seems to be on hold, awaiting some significant information.
A small push towards the upper boundary of the presumed ending diagonal triangle is still missing. It's possible that we might soon see buyers attempting to reach this target, after which the price direction could reverse and start moving downward.
The most promising direction for active trading at the moment is the anticipated downward impulsive movement. Until this happens, it is recommended to observe the situation without taking any active trading actions.
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.
