USD/JPY. The price continues to rise. | 14 November 2024
14 November 2024, USD/JPY
The price continues to rise and, apparently, is not going to stop anytime soon, approaching the previously established maximum with each step. The breakdown of this important value will once again cross out all the efforts of sellers and again force us to revise the current wave marking.
For now, there is a margin of space from the current price to the maximum, within which the price may try to turn around and go down to form a downward impulsive movement, which will become the third wave in a very large impulse on a higher time frame.
So far, no activity from sellers is observed; it is recommended to observe the development of the situation while staying outside any trading positions.
Investment idea: flat.
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.
