USD/JPY. The price might enter a slight correction. | 04 Julio 2024

04 Julio 2024, USD/JPY

USD/JPY. The price might enter a slight correction.

While there are some intrigues with the major European currencies traded against the dollar, the situation here remains quite calm. The Japanese yen made a weak attempt to pressure its counterpart, but nothing significant came of it. Most likely, we will see a slight pullback or sideways movement, after which the upward movement will resume. It is still assumed that the current growth is impulsive and driven by the development of wave 3 of (5). The potential trajectory is indicated on the accompanying chart. Nothing particularly interesting is expected for now, so a possible slight pullback in the price can be considered for more advantageous buying opportunities.
Investment idea: Buy at 160.00, stop loss at 159.75, take profit at 163.50.

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.