USDJPY – The situation remains favourable for further growth

17.11.2023

The price continued to move in a narrow price range without making an attempt to grow. In this regard, the previously considered scenario remains relevant. It is worth recalling that further impulsive growth is expected due to the development of the final wave (c) of z of the protracted correction.

In this situation, it is recommended to open buy trades on the renewal of the current local maximum.

If the price falls below the level indicated on the chart, it is worth thinking about making a sell trade. In this case, the considered scenario will be cancelled and there will be a need to revise it.

Recommendations: Buy 152.00, SL 151.75, TP 155.00.