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USD/JPY. The price started rising.

USD/JPY. The price started rising. | 12 September 2024

12 September 2024, USD/JPY

USD/JPY. The price started rising.

The price finally made another desperate attempt to go below the previously established minimum. Ultimately, the current local minimum was updated, but buyers didn't allow themselves to get stuck at these updated values. As a result, the price began to rebound.
And this is just the beginning. Further, the US dollar relative to the yen will continue to rise, aiming at the maximum formed by wave A. The potential for movement within this large correctional structure is quite big, and it definitely needs to be participated in.
Buy orders are recommended to open at current market values.
Investment idea: buy 142.55, stop loss 142.20, take profit 148.00.
Bob Stan
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