USD/JPY. Development of the final wave in the ending diagonal triangle is expected. | 13 January 2025
13 January 2025, USD/JPY
Trading in this pair has been going on within a certain ascending channel for almost the entire month, with periodic attempts to both grow and sharply decline. However, the boundaries of the channel remain intact, and the start of the trading week is unlikely to change.
This may be due to the development of the final Wave 5 of the upward impulse, taking the form of an ending diagonal triangle. Completion of this model requires one more upward wave. Judging by appearances, we will see this movement soon.
Then a reversal and an impulsive decline are expected. In the current situation, it is recommended to wait for the completion of the specified model, after which to seek opportunities to enter into sell transactions.
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.
