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USD/JPY. The Situation Remains Unchanged.

USD/JPY. The Situation Remains Unchanged. | 23 April 2024

23 April 2024, USD/JPY

USD/JPY. The Situation Remains Unchanged.

Another trading day for the USD/JPY pair passed in a calm atmosphere. The dollar failed to continue its triumphant march to new highs, leaving the exchange rate near the previously established local minimum.
It's possible that further upward movement has been postponed for an indefinite period, but perhaps this pause was only taken for one day. In that case, during today's trading session, we might see further impulsive growth as part of the formation of wave 5 of v. The targets still lie around the 158.00-160.00 range, so it's worth considering buying opportunities if possible.
Investment Idea: Buy at 154.90, stop loss at 154.65, take profit at 158.00.

Bob Stan
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