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USD/JPY. Possible start of a decline in the third impulse wave.

USD/JPY. Possible start of a decline in the third impulse wave. | 11 Diciembre 2024

11 Diciembre 2024, USD/JPY

USD/JPY. Possible start of a decline in the third impulse wave.

The situation with this trading pair follows the expected path. Yesterday, the price managed to rise, although this buyer-driven strength appears temporary, given that it is tied to the completion of the correction wave.
Considering that this correction is likely complete, a resumption of the downward impulse movement is imminent. Given the expected decline in the third impulse wave, this presents an attractive opportunity to enter sell trades at current market rates.
Investment idea: sell 151.75, stop loss 151.90, take profit 143.80.
Bob Stan
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