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USD/JPY: Final Diagonal Triangle Nearing Completion.

USD/JPY: Final Diagonal Triangle Nearing Completion. | 18 June 2024

18 June 2024, USD/JPY

USD/JPY: Final Diagonal Triangle Nearing Completion.

The price continues to meander aimlessly within the channel. Buyers are likely aiming to reach the upper boundary, completing the final diagonal triangle and the entire upward impulse structure.
Given the limited upward potential, opening any trading positions at this time is not recommended.
It is better to wait for the completion of the final diagonal triangle and then sell at the start of the decline, setting a protective stop loss at the local price maximum.
Investment Idea: Flat
Bob Stan
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