USD/JPY. The dollar is trying to rise again. | 17 September 2024
17 September 2024, USD/JPY
A cascading price decline continued, resulting in another update of the minimum. Now the price is trying to recover and it is quite possible that this time everything will work out successfully. The current situation still looks like a correction in the form of a flat.
This model lacks the final wave C, which takes an impulsive form. It's possible that right now the price is preparing for this desperate rush up to the maximum set by wave A.
The potential of this uptrend movement is quite large, so let's try again to open buy deals at current market values.
Investment idea: buy 140.40, stop loss 140.15, 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.
