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USD/JPY. Expectations for growth within the forming correction remain.

USD/JPY. Expectations for growth within the forming correction remain. | 11 September 2024

11 September 2024, USD/JPY

USD/JPY. Expectations for growth within the forming correction remain.

For the considered pair, it was expected that there would be a good upward movement within the forming correction. However, as always, everything is not so simple. Instead of a confident movement, the price decided to "see" what's going on at the level from which the rebound had already begun.
At the moment, this decline is viewed as a correction in the emerging uptrend, and therefore the market provides an opportunity to enter deals at more favorable prices.
It is recommended to take advantage of this opportunity, especially since the potential profit is many times greater than the possible loss.
Thus, in the near future, an impulsive rise within the development of wave C in a flat is still expected.
Investment idea: buy 142.30, stop loss 142.00, take profit 148.00.
Bob Stan
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