USD/JPY. Expectations for the start of an impulsive decline remain.
USD/JPY. Expectations for the start of an impulsive decline remain. | 30 Octubre 2024
30 Octubre 2024, USD/JPY
The 61.8% level continues to bother the price. After an unsuccessful attempt to start a decline, it once again returned to the previously established local maximum. On lower timeframes, a double top has formed, which serves as a signal for a reversal and a strong move in the opposite direction.
The situation also suggests a high likelihood of the onset of an impulsing decline. It is believed that the formation of a correction, taking the shape of a plane, has been completed, where waves a and b consist of three waves, and wave c is an impulse. All this has already been formed, and the next logical step is the beginning of an impulsionary decline.
Thus, expectations and recommendations to open sell positions remain relevant.
Investment idea: sell 153.10, stop loss 153.35, take profit 140.00.
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.