USDJPY – The attempt to decline was unsuccessful

01.03.2024

There was also an outbreak of activity against the U.S. currency. The price broke through the marked level, which is a signal for making deals for sale, but it failed to gain a foothold. The price instantly returned above this level and continued to grow actively.

The uncertainty remained. The price from the current values can still both rapidly grow and decline. Thus, the previously discussed scenario is still relevant.

Thus, it is necessary to wait for price consolidation under the marked level and only after that try to enter into sell trades again.

Recommendations: Sell 149.20, SL 149.70, TP 145.00.