USDJPY – Corrective growth takes the form of a terminal diagonal triangle

15.09.2023

The strengthening of the dollar is unlikely to pass by the considered trading pair. The price will continue to grow, forming the final part of a complex correctional structure, taking the form of a triple zigzag. At the same time, the final part of this pattern seems to take the form of a final diagonal triangle, which indicates an approaching reversal and strong movement in the downward direction.

In this regard, it is recommended to wait for the completion of the formation of this final diagonal triangle and then start selling. Until then, it is worth staying out of the market and watching the development of events from the outside.

Recommendations: flat