USDJPY – Down
During the past trading day, nothing interesting or significant happened in the pair. The price continued to stand confidently below the resistance level without making any attempts to overcome it.
For this reason, the previously considered scenario remains relevant.
Growth is expected within the development of wave 5 of the final diagonal triangle. After completing this movement and the entire bullish pattern, a reversal and a strong movement in the opposite direction are expected. A breakdown and consolidation of the price above 152.00 remains the signal for active trading.
The investment idea: buy 152.00, stop loss 151.70, take profit 155.00.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
