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USD/JPY. The price will continue to rise.

USD/JPY. The price will continue to rise. | 01 July 2024

01 July 2024, USD/JPY

USD/JPY. The price will continue to rise.

The situation with this pair remains unchanged. The dollar is calmly controlling the situation, adjusting its activity as needed. As a result, we see the price moving steadily upward. Currently, wave 3 of the upward impulse, which is part of wave (5), is presumably forming. Based on this, it can be assumed that the price will continue to rise in the near future. Therefore, it is worth considering buying at the current market values. However, it is always important to remember the risks and protect your open positions with a stop loss.
Investment idea: Buy at 160.95, stop loss at 160.65, take profit at 163.00.

Bob Stan
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