USD/JPY. Expectations of an impulsive decline in the pair remain. | 14 October 2024
14 October 2024, USD/JPY
The final trading day for the considered trading pair turned out to be quite calm. Sellers were unable to push the price away from the local maximum, instead the dollar began to grow again, approaching the mentioned extremum once again.
At the same time, the wave situation still looks like a completed correction in the form of a double zigzag, and it would be nice to start moving down, and do it in a good impulsive style.
Perhaps the upcoming trading week will be lucky for the Japanese currency, and the price will move in the expected direction.
If this happens, a signal for concluding deals could be a breakout of the local minimum formed during the Friday trading session.
Investment idea: sell 148.30, stop loss 148.60, take profit 141.50.
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.
