USD/JPY. The price will resume its growth within the forming correction. | 20 September 2024
20 September 2024, USD/JPY
Looking encouraging growth of the considered pair, abruptly broke off and the price moved down. This is likely due to the formation of an internal corrective structure in the current uptrend wave. For this to be the case, buyers must not allow further declines, otherwise the initiative will completely shift to the sellers and the proposed scenario with the development of a flat will not be realized.
If buyers control the situation, then in the near future the price may try to return to the local maximum and then stand at this level for some time, preparing for a rapid breakthrough.
In this situation, it's worth taking a higher risk and trying to buy at current market values.
Investment idea: buy 142.40, stop loss 142.00, 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.
