USD/JPY. A good corrective rise is expected. | 15 Diciembre 2023

15 Diciembre 2023, USD/JPY

USD/JPY. A good corrective rise is expected.

The situation with the considered pair is currently unfolding within the previously proposed wave scenario, where a decline is anticipated within the framework of an initial diagonal triangle. At the moment, the development of wave (i) is likely completed. Subsequently, a significant retracement occurred, but sellers brought the price back to the previously established local minimum, attempting to update it, but their strength was only sufficient for a minor movement.
Most likely, from the current prices, we will witness an ascent that will mark the beginning of aimless price fluctuations within a defined range. The corrective wave (ii) is expected to form in the near future.
The initial upward movement may turn out to be quite good, so it's worth considering a buy position. However, holding the position for an extended period is not recommended. At the first opportunity, it is advisable to either move the trade to break-even or consider closing it altogether.
Investment idea: Buy at 142.00, stop loss at 141.75, take profit at 144.00.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.