The dollar was able to find a weak spot in the defense of the Japanese yen. This leads to a good upward impulse move. Wave (iii) is probably forming, which is most likely also lengthening. In this case, the continuation of the upward movement is expected in the near future.

The most important thing in this situation is that all this is not limited to the observed growth, turning the promising impulse structure into a simple zigzag. Even so, there is still good potential for further growth.

Investment idea: buy 104.50, stop loss 104.20, take profit 105.50.