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

USDJPY – Dollar Set to Make Another Attempt to Rise

22.11.2024

While the dollar has been strengthening successfully against the pound and euro, it has encountered some challenges with the yen. After starting to rise confidently and aiming to update the current local high, the price suddenly stalled, allowing sellers to push it back toward the lower boundary of the presumed final diagonal triangle.

This may be the result of an internal correction within the final fifth wave of the indicated model. If so, we could soon see renewed growth and an attempt to surpass the current local high.

The potential movement within this wave presents an opportunity for buying trades, making this situation worth considering for trading.

Recommendations: Buy at 154.50, SL at 154.20, TP at 157.00.