USD/JPY. The attempt to decline proved unsuccessful. | 01 Marzo 2024
01 Marzo 2024, USD/JPY
There was also a burst of activity against the US dollar in the considered pair. The price broke the designated level, which was a signal for selling positions, but it failed to hold below. The price quickly returned above this level and continued to rise actively.
Uncertainty persists. The price from current levels can still either rise sharply or decline. Thus, the previously considered scenario remains relevant for now. Therefore, it is necessary to wait for the price to consolidate below the designated level before attempting to enter into selling positions again.
Investment idea: Sell at 149.20, stop loss at 149.70, take profit at 145.00.
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.
