USD/JPY. The dollar will try to rise again. | 16 September 2024
16 September 2024, USD/JPY
The US dollar index against the Japanese yen fell again. But again, there is no confidence in this movement. Overall, the situation looks like an unfinished corrective structure representing a flat. Possibly, buyers will activate shortly and lift the price within the correctional structure, starting to form an impulse that is also wave C.
Already now there is another attempt to grow, but whether something valuable can be squeezed out of it will become known soon.
For now, you can try to buy again, setting a protective stop loss at the latest price minimum and targets near the maximum set by the supposed wave A.
Investment idea: buy 140.80, stop loss 140.30, take profit 149.00.
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.
