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USD/JPY. The price is choosing a path for further growth.

USD/JPY. The price is choosing a path for further growth. | 11 July 2024

11 July 2024, USD/JPY

USD/JPY. The price is choosing a path for further growth.

The price continues to experience calm trading days, with smooth movements and no wild swings or drops. Buyers are still confidently controlling the situation, keeping the price close to the previously established high.
At the moment, it is likely that the development of wave 3 of (5) of the upward impulse is ongoing. In the near future, one of two scenarios may still unfold: growth through a corrective decline or growth directly from the current levels.
Due to the possibility of a pullback, it is not recommended to rush into opening buy positions. It is essential to wait for a more confident signal.
Investment idea: flat.
Bob Stan
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