USD/JPY. The price will continue to try to rise within the forming correction. | 25 September 2024
25 September 2024, USD/JPY
Another trading day passed fruitlessly. The price was unable to move anywhere. The attempt to grow was unsuccessful, immediately after a slight update of the local maximum, active sales began, and the course returned to the starting point of this attempt to rise.
Further growth of the pair is still expected. This is due to the development of the same wave C in the assumed correction taking the form of a flat. The target for this possible movement lies near the maximum set by the supposed wave A. It is a good distance for buying.
Thus, the situation remains favorable for purchases.
Investment idea: buy 143.80, stop loss 143.55, take profit 149.00.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
