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USD/JPY. The previously considered scenario remains relevant.

USD/JPY. The previously considered scenario remains relevant. | 09 April 2024

09 April 2024, USD/JPY

USD/JPY. The previously considered scenario remains relevant.

Once again, nothing interesting occurred during the past trading day for the pair in question. The price tries to distract attention and lull observers into a false sense of security, only to activate at the most unexpected moment. Meanwhile, the pressure on the resistance level is building.
It would take just a minor effort to break through it. This would lead to the development of the final wave of the presumed ending diagonal triangle, and along with it, the culmination of this large upward movement in the form of an impulse that began back in 2020. After this, it would be possible to start considering sell trades, as the situation suggests the development of a major downward correction.
But for now, we wait for the breakout and try to enter this possible upward movement.
Investment idea: buy 152.00, stop loss 151.80, take profit 155.00.
Bob Stan
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