USD/JPY. The pair's corrective growth will continue. | 05 December 2024
05 December 2024, USD/JPY
As expected, the price of the pair began to rise. Thus, the assumption about the beginning of a corrective growth, which is the second wave in the emerging downward impulsive movement, is confirmed. Further, it is expected that the correction structure will continue to form, which will likely take the form of a simple zigzag. The variant of the correction structure development is schematically shown in the attached screenshot.
Thus, a continuation of the corrective price growth is expected in the near future, in which it is still possible to participate. Buy trades can be opened both at the current market value and on a retracement.
Investment idea: buy 150.30, stop loss 150.00, take profit 152.50.
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.
