Veja também
20.03.2024 01:14 PM
From the perspective of wave analysis, the USD/JPY pair is moving within the framework of the current global wave (W). The wave (W) takes the form of a standard zigzag W-X-Y. The final impulse sub-wave C is in the developmental stage. On the current chart, we can see the final part of this impulse.
Inside impulse C, the fifth part—sub-wave [5]—is forming as of writing. The first four parts of the mentioned impulse are completed. Currently, the price is moving within the bullish wave (5).
As part of wave (5), sub-waves 1-2-3-4 appear to be completed. In the coming trading days it is assumed that we will observe growth in impulse [3] of 5, as shown on the chart. The price will likely rise to the level of 155.76. After reaching this level, a slight pullback downward in correction [4] is possible (as shown on the chart).
In the current situation, it is recommended to consider opening long positions. Against the backdrop of expected news, bullish sentiment may be strengthened.
Trading recommendations: Buy at 151.49, take profit at 155.76.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
