USD/JPY. The price will begin to grow impulsively within the forming correction.
USD/JPY. The price will begin to grow impulsively within the forming correction. | 06 September 2024
06 September 2024, USD/JPY
The sellers decided to try to storm the previously set price minimum and brought the course of the considered pair close to this value. However, the situation is very similar to the fact that the development of the correction will continue. Then this reduction is false and it is unlikely that we should expect some breakthrough in this direction.
A false breakout may occur and after that, growth will begin, and you need to be prepared for this too. Now this correction is becoming very similar in form to a flat. Waves a and b have been formed in it, the final wave remains, which will have an impulsive character.
Thus, soon we may see a good directed upward movement within the current correctional structure.
Investment idea: buy 142.75, stop loss 142.30, take
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