USD/JPY. The price will continue to rise. | 19 September 2024
19 September 2024, USD/JPY
After another attempt to start growing and managing to cope with the pressure that followed this decision, the price continued to move up more confidently. Thus, the considered wave scenario continued its implementation.
Apparently, buyers are not planning to stop there, so in the near future we can expect a continuation of the uptrend. This is due to the formation of an impulsive wave C, which is the final part of the correction that represents a flat.
The goal for the development of this wave lies near the maximum set by the supposed wave A, which is still a decent distance away, so there is still time to buy to make a profit.
Investment idea: buy 144.00, stop loss 143.75, 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.
