USD/JPY. The pair retains a bullish outlook. | 10 January 2025
10 January 2025, USD/JPY
The price continues to trade near the previously established local maximum without making any abrupt moves. For this reason, considering any alternative options is currently unjustified.
The main scenario remains the one that was considered earlier. According to it, presumably, the final part of the upward impulse, which is part of Wave (c) of a large bullish zigzag, is currently developing.
To complete the entire hypothesized model, one more wave of growth is needed, which will form Wave 5 of (c) and update the current local maximum. After that, a reversal and prolonged impulse decline are expected.
Thus, concluding purchase deals in the near future remains the most promising trading decision.
Investment idea: Buy 158.40, Stop Loss 158.10, Take Profit 159.50.
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.
