While a sharp strengthening of the dollar is expected for EUR/USD and GBP/USD, for the pair under consideration, on the contrary, the situation indicates a possible weakening against the Japanese currency. This is due to the possible development of wave c, the supposed zigzag.

Meanwhile, if the proposed option turns out to be correct, the decline will be impulsive. But to enter trades, you need to wait for confirmation in the form of a breakdown of the level 108.30.

Investment idea: sell 108.30, stop loss 108.60, take profit 106.50.