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USD/JPY. The price will attempt to grow.

USD/JPY. The price will attempt to grow. | 04 October 2024

04 October 2024, USD/JPY

USD/JPY. The price will attempt to grow.

The situation changed slightly during the past trading day. After a successful attack, buyers stopped, not giving their opponents the opportunity to use this pause. As a result, the course froze at a certain price level.
Now, after resting a bit, buyers are likely to start forcing events again, which will lead to further price growth. Thus, the development of the impulse, which is part of the correction, which is a zigzag, will be completed.
Then a reversal and a downward movement of the price is expected.
But before that, it's worth trying to buy at current market values.
Investment idea: buy 146.60, stop loss 146.30, take profit 148.50.
Bob Stan
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