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USD/JPY. The corrective uptrend is completed.

USD/JPY. The corrective uptrend is completed. | 07 October 2024

07 October 2024, USD/JPY

USD/JPY. The corrective uptrend is completed.

The situation on the considered pair is evolving within the framework of the expected scenario. During the final trading day of the past week, an active growth was observed, which is likely part of an uptrend impulse. The specified impulse itself is part of a corrective structure, which is probably a zigzag.
At the moment, it can be assumed that the specified model is fully equipped, and therefore the price movement vector may begin to change. Given this, previously opened buy deals are recommended to be closed and wait for a signal in the opposite direction, or you can try to sell now at current market values.
Investment idea: sell 148.40, stop loss 148.65, take profit 143.40.
Bob Stan
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