USD/JPY. A small correction before further growth. | 05 July 2024
05 July 2024, USD/JPY
In this pair, we unexpectedly saw a slight decline. So far, it looks like a corrective pullback within the forming upward impulsive movement. The price may decrease a bit more before another buying wave brings it back to the previously established highs. It is assumed that this will complete the development of wave 3 of (5). Overall, the situation remains within the previously considered scenario, and no significant changes are expected in the near future. In this situation, it is recommended to buy at the end of the current corrective pullback at the first signs of renewed growth.
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.
