USD/JPY. Decline within the impulse development will continue. | 17 January 2025
17 January 2025, USD/JPY
The price dropped quite well, strongly indicating a change in trend. This was expected, as it was previously suggested that a large upward zigzag, with an ending diagonal triangle in Wave 5 of (c), had completed.
The current decline, apparently, also has an impulsive character and appears incomplete at the moment. This means that we can expect at least one more wave down in the near future. The potential trajectory of movement for the near term is schematically outlined in the chart.
The remaining potential for decline still allows for good profits from sell transactions, so it is recommended to consider this opportunity.
Investment idea: Sell 155.35, Stop Loss 155.55, Take Profit 154.00.
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.
