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USD/JPY. Another attempt to make money on the corrective growth.

USD/JPY. Another attempt to make money on the corrective growth. | 05 September 2024

05 September 2024, USD/JPY

USD/JPY. Another attempt to make money on the corrective growth.

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.
Bob Stan
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