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USD/JPY. The correctional growth will soon end.

USD/JPY. The correctional growth will soon end. | 15 November 2024

15 November 2024, USD/JPY

USD/JPY. The correctional growth will soon end.

The situation for this pair remains under the firm control of buyers. The dollar’s exchange rate against the yen continues to rise, updating local highs. At the same time, the price remains within the previously formed downward impulse wave, so the current growth is still considered part of the forming correction.
The correction is presumably taking the form of a plane, and its final part is developing. The price may rise a little more, after which it will be possible to consider the possibility of entering sell transactions again.
Until then, it is not recommended to make any trading decisions.
Investment idea: flat.
Bob Stan
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