USD/JPY. The price is ready to continue its decline. | 28 Diciembre 2023
28 Diciembre 2023, USD/JPY
The price in the considered pair has also moved unfavorably for the dollar. The decline was expected, and now the price is trading near a level, a breakthrough of which will activate a sell signal. This will confirm the assumption of the beginning of the development of wave (iii) of the initial diagonal triangle.
Since third waves are generally the most prolonged, we have a chance for a very good movement in the near future. It is definitely worth participating in it, the main thing is that the market does not present any surprises.
The investment idea in this situation looks as follows: Sell at 141.80, stop loss at 142.25, take profit at 137.00.
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.
