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USD/JPY. Growth in the corrective wave structure.

USD/JPY. Growth in the corrective wave structure. | 26 September 2024

26 September 2024, USD/JPY

USD/JPY. Growth in the corrective wave structure.

As expected, the stop in the uptrend was of a corrective nature. Currently, there is an observation of the price actively growing again, having already managed to update the local maximum. During the day, the US dollar relative to the yen is likely to rise even higher, and this movement will be impulsive in nature.
This is due to the development of the supposed wave C in the correctional structure that represents a flat. Previously set goals near the local maximum set by the supposed wave A remain relevant.
Thus, at the moment, it is worth trying to open buy deals at current market values.
Investment idea: buy 144.90, stop loss 144.65, take profit 149.00.
Bob Stan
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