USD/JPY. The growth within the correction will continue. | 18 September 2024
18 September 2024, USD/JPY
Suspicions about the imminent sudden activation of buyers began to come true. Recently, the price, which was moving in cascades, this time did not update the minimum, but began to rise. The movement was brief, but this is just the beginning.
Further development is expected, which will be impulsive in nature and lead to the local maximum set by wave A. The expected uptrend wave, likely, is part of the correction that takes the form of a flat, being its final wave C, which explains its impulsive nature.
Thus, concluding purchase transactions looks like a sufficiently promising trading decision.
Investment idea: buy 141.50, stop loss 141.10, 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.
