USD/JPY. Another attempt to make money on the corrective growth. | 05 September 2024
05 September 2024, USD/JPY
The expected price growth to the local maximum did not happen. Instead, the price confidently went down, but the update of the minimum set by wave 5 is unlikely to happen. After a small decline, the price will begin to rise. All this is caused by the formation of a correction, the structure and shape of which remains unclear and not very clear.
Entering into purchase transactions in this situation looks very promising, so again it is recommended to pay attention to the possibility of opening such positions.
The goals remain the same - this is the maximum set by wave a.
Investment idea: buy 143.50, stop loss 143.10, take profit 149.30.
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.
