USD/JPY: Awaiting Completion of the Ending Diagonal Triangle. | 11 June 2024

11 June 2024, USD/JPY

USD/JPY: Awaiting Completion of the Ending Diagonal Triangle.

The current situation for the USD/JPY pair remains within the framework of the updated wave scenario. It is worth noting that, at the moment, the development of an ending diagonal triangle in the final wave of the impulse is presumed.
To complete this model, a final push to the upper boundary is required. The chart indicates that upon reaching this target, the current maximum will not be exceeded. This suggests a truncation in the final wave of the impulse, implying that the sellers' strength is potentially very strong. The subsequent downward wave could lead to a significant and prolonged bearish movement.
Therefore, it is advisable to wait for the completion of the ending diagonal triangle. Until then, no trading actions are recommended.
Investment Idea: Flat.
Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus