Elliott waves analysis - USD/JPY. The price is experiencing significant turbulence.

USDJPY - Down Volatility in the considered pair has increased significantly. The price is swinging back and forth by an average of 300-350 pips. Neither of the opposing sides can gain control of the situation. Considering the entire context, this appears to be the agony of the upward impulse movement. In such a scenario, it will likely end with a significant price decline. However, it's not advisable to rush into trading decisions at the moment. It's necessary to wait for stabilization and a clear directional movement, rather than these powerful fluctuations up and down. Therefore, it is recommended to stay out of the market for now and observe from the sidelines. Investment idea: Flat.ff_rss_other_analytic

Rss Forex May 2, 2024 0 12 Add to Reading List

USDJPY - Down

USD/JPY. The price is experiencing significant turbulence.

Volatility in the considered pair has increased significantly. The price is swinging back and forth by an average of 300-350 pips. Neither of the opposing sides can gain control of the situation.

Considering the entire context, this appears to be the agony of the upward impulse movement. In such a scenario, it will likely end with a significant price decline. However, it's not advisable to rush into trading decisions at the moment.

It's necessary to wait for stabilization and a clear directional movement, rather than these powerful fluctuations up and down.

Therefore, it is recommended to stay out of the market for now and observe from the sidelines.

Investment idea: Flat.

ff_rss_other_analytic

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