The situation is getting more confused

19.05.2021

The dollar is in trouble. The Japanese yen was able not only to keep the rate at the level of the local maximum, but also to start pushing the price down. So far, this situation can be represented in the form of a correction caused by the formation of wave (ii) of an upward impulse.
But if the decline continues and the minimum set by the assumed wave C is updated, then the entire counting will need to be revised. In this case, the situation will not be in favor of buyers.

While the situation is getting more and more confused, it is worth being out of the market and observing the development of the situation from the outside.

Investment idea: flat.