28 March 2024, USD/JPY
Buyers did not dare to overcome the resistance level, although initially everything looked promising. Having reached the level, everything stopped and the price began to roll back.
The correction under the level continued to develop. At the same time, the situation continues to be quite promising for buyers.
On the other hand, sellers may gradually take the initiative into their own hands and disperse the price in the opposite direction.
The situation in this regard may become clear in the near future. Buyers lack quite a bit to disperse the price and form another upward wave. In this case, wave 5 of V, the final diagonal triangle, will be formed. A breakdown of the 152.00 value will become a signal for buying in this case.
Investment idea: buy 152.00, stop loss 151.75, take profit 155.00.
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