05 April 2024, USD/JPY
The price has been struggling against the resistance level for a long time and cannot overcome it. The movement has almost formed a straight horizontal line along the level, but this cannot continue for long.
Eventually, the forces of one of the opposing sides will deplete. And now, there is an attempt to push the price lower.
However, this might be a pullback, aiming for a run-up to try and break through upwards at speed.
Moreover, the situation still seems to lack a final upward wave, intended to complete the development of the terminal diagonal triangle. Thus, it's important to closely monitor the situation and, in case of a breakthrough of the designated level, try buying.
Investment idea: buy 152.00, stop loss 151.75, take profit 155.00.
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