USD/JPY. Continued Growth Expected. | 12 April 2024
12 April 2024, USD/JPY
After finally surpassing the resistance level, the price is beginning to consolidate at new levels. This may take some time, so expecting directional movement in the near term might not be advisable.
However, overall, the situation remains favorable for entering buy positions on pullbacks. This is because the development of wave 5 of v is clearly not yet complete. It appears too short for the considerable resources expended to overcome the specified level.
Therefore, in the current situation, it's recommended to consider only buy positions.
Investment Idea: Buy at 153.30, with a stop loss at 153.10, and a take profit target at 155.00.
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.
