USD/JPY. The price has begun to develop a downward impulse. | 26 November 2024
26 November 2024, USD/JPY
Earlier, a scenario was considered in which the completion of an upward impulsive movement by a final diagonal triangle was assumed. A possible signal for the beginning of the downward movement was indicated by the breakdown of the lower forming model. Now the price is just trying to consolidate below the designated trend line. In the case of a favorable outcome for sellers, the price may significantly decrease, making an impulsive downward movement.
The optimistic scenario involves reaching and updating the minimum set by wave b, the assumed zigzag, which is a significant distance.
Thus, it is recommended to seriously consider the possibility of entering into sell transactions already at current market values.
Investment idea: sell 154.00, stop loss 154.25, take profit 151.20.
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.
