USD/JPY. Growth is expected in wave (ii). | 03 Enero 2024
03 Enero 2024, USD/JPY
The price did not attempt to continue the decline, confirming the previously considered alternative wave labeling. Currently, there is an attempt to grow. It is likely due to the beginning formation of corrective wave (ii) in the emerging downward impulse. In this case, in the near future, we may see a fairly decent price jump. It is assumed that the correction will take the form of a simple zigzag. As everything is unfolding as expected, it is worth considering the current situation for entering into buy transactions at the current market values.
Investment idea: Buy at 142.10, stop loss at 141.75, take profit at 144.50.
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.
