USD/JPY. The corrective rise may continue. | 19 Enero 2024

19 Enero 2024, USD/JPY

USD/JPY. The corrective rise may continue.

As anticipated, the price was unable to continue its upward movement. However, there is no significant corrective pullback observed either. The correction, likely guided by the alternation principle, has begun forming a shallow correction, which is presumed to be the fourth wave in the ascending impulse, the c wave of a zigzag.
In the future, we may see a continuation of the rise toward the designated target, where the entire upward correctional structure will complete, and the price will start reversing.
Subsequent decline has significant potential for movement, so it is recommended to consider the possibility of entering sell positions when the specified scenario unfolds.
Until the price reaches the target values for the upward correctional movement, you may try buying on the renewal of the current local maximum.
Investment idea: Buy at 148.55, stop loss at 148.30, take profit at 149.50.

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.