Saved local copy captured 2026-11-01. Data is a snapshot, not a live feed.

USDJPY – Price Decline Expectations Remain

18.10.2024

Contrary to expectations of active seller action, the price continued to move within a defined narrow range, once again slightly updating the local high.

So far, this upward movement continues to appear as part of a corrective structure, specifically a double zigzag. For this reason, overall expectations remain unchanged. The development of a downward impulsive movement would be quite appropriate, with significant potential and targets lying much lower than the current local minimum.

However, this entire scenario might be incorrect, and only time will tell what the price actually intends.

For now, it remains to wait for a breakout of the lower boundary of the assumed terminal diagonal triangle and attempt to open sell trades again.

Recommendations: Sell at 148.80, SL 149.10, TP 140.00.