USD/JPY. Price May Start to Decline. | 27 Febrero 2024

27 Febrero 2024, USD/JPY

USD/JPY. Price May Start to Decline.

While there's a positive wave of movement forming for major European currencies relative to the dollar, the Japanese yen hasn't been able to find any significant arguments in its favor. As a result, the dollar has approached its local maximum again. Perhaps this is the cunning plan of sellers: to allow the price to reach the extreme and then use it as support to initiate a strong push downwards.
At the moment, this possibility looks quite realistic, and I would recommend starting to sell at the current market values, setting a protective stop loss slightly above the current local maximum.
A swift decline in price could mark the beginning of the development of the presumed wave (iii) of the downward impulse in the considered wave scenario.
Investment idea in this regard: Sell at 150.45, set a stop loss at 150.90, and take profit target at 147.80.
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.