USD/JPY. Possible start of a decline in the third impulse wave. | 11 December 2024
11 December 2024, USD/JPY
The situation with this trading pair follows the expected path. Yesterday, the price managed to rise, although this buyer-driven strength appears temporary, given that it is tied to the completion of the correction wave.
Considering that this correction is likely complete, a resumption of the downward impulse movement is imminent. Given the expected decline in the third impulse wave, this presents an attractive opportunity to enter sell trades at current market rates.
Investment idea: sell 151.75, stop loss 151.90, take profit 143.80.
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.
