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USD/JPY. Beginning of the Final Wave of Growth.

USD/JPY. Beginning of the Final Wave of Growth. | 16 July 2024

16 July 2024, USD/JPY

USD/JPY. Beginning of the Final Wave of Growth.

There have been no significant changes in the USD/JPY pair over the past trading day. The price dipped slightly, breaking the trendline, but quickly returned, suggesting the completion of the corrective wave 4 of (5).
If this is the case, we can expect the resumption of the upward movement, driven by the formation of the final wave 5 of the extended bullish impulse. Ultimately, this may lead to a new high followed by a reversal.
In this situation, it is advisable to consider buying at the current market levels.
Investment idea: buy at 158.60, stop loss at 158.30, take profit at 162.40.

Bob Stan
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