USDJPY – Continued Growth Expected

12.04.2024

After the long-awaited breakthrough of the resistance level, the price begins to consolidate at new values. This may take some time, so expecting directional movement in the near future is unlikely.

Overall, the situation remains favorable for initiating buy transactions on pullbacks. This is due to the development of wave 5 of v, which is clearly not yet complete, as it appears too short for the amount of resources spent on overcoming the designated level.

Thus, in the current situation, it is recommended to consider transactions only for buying.

Recommendations: Buy at 153.30, SL 153.10, TP 155.00.