USDJPY – Price Chooses a Path for Further Growth

12.07.2024

The price continues to experience calm trading days, with smooth movements and no wild swings or drops. Buyers are confidently controlling the situation, keeping the price near the previously established high.

At this moment, it is likely that the development of wave 3 of (5) of the upward impulse is still ongoing. In the near future, there are still two possible scenarios – growth through a corrective decline or growth directly from current levels.

Due to the potential for a pullback, it is not recommended to rush into opening buy trades; it is necessary to wait for a more confident signal.

Recommendations: Flat.