USDJPY – Down
The past trading day, as expected, was calm. The price did not try to grow, remaining in a narrow price range and, probably, gaining strength for an upcoming attack on the resistance level, the price maximum of the last two years.
There is already a upward movement. Any moment, acceleration may occur and the price will leave even higher, activating many protective stop loss orders installed by sellers.
Thus, the development of the final wave 5 of the final diagonal triangle is assumed, as well as with it, all the long impulse growth.
It is worth trying to participate in this movement.
Investment idea: buy 151.80, stop loss 151.50, take profit 155.00.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
