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USD/JPY: Ending Diagonal Triangle Continues to Form.

USD/JPY: Ending Diagonal Triangle Continues to Form. | 14 June 2024

14 June 2024, USD/JPY

USD/JPY: Ending Diagonal Triangle Continues to Form.

The price continues to drag out the formation of the final wave in the ending diagonal triangle. Although it seems that the upper boundary of the channel is within reach, the price has not been able to get there throughout the current trading week.
It might happen today, which means the next trading week could start with the beginning of a downward impulsive movement. However, it is not advisable to rush into any trading decisions.
It is essential to wait for a clear signal or a good entry point. Until that moment, it is better to stay out of any trading positions and observe the situation.
Investment Idea: Flat.
Bob Stan
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