USD/JPY: Expectations of Impulsive Decline Persist | 04 Junio 2024
04 Junio 2024, USD/JPY
The situation with this pair has changed only slightly over the past trading day. The price has tentatively moved downwards, but is ready to change direction at any moment.
Sellers need to increase pressure to drive the price lower, initiating the formation of the expected wave (3) of the nascent downward impulsive movement. Whether they will succeed should become clear soon.
For now, it is advisable to cautiously enter sell positions at the current market levels, aiming to catch the beginning of a potentially strong movement.
Investment Idea: Sell at 155.90, stop loss at 156.10, take profit at 146.00.
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.
