USD/JPY. Corrective upward movement is expected. | 03 Diciembre 2024
03 Diciembre 2024, USD/JPY
There were no significant changes in the current trading session for this pair. The dollar made a weak attempt to grow, but quickly abandoned this idea. As a result, the price returned to the same value from which this growth attempt was initiated.
However, the current situation suggests an upward movement due to the formation of a correction structure. Previously, the formation of a downward impulse, which is presumably the initial wave in an emerging downward impulsive movement of an older time level, likely ended.
Thus, in the current situation, it is worth considering the possibility of entering into buy trades at current market values.
Investment idea: buy 150.15, stop loss 149.90, take profit 152.00.
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.
