The fifth impulse wave is developing on USDJPY

08.12.2021

On the last trading day, the USD managed to climb, while the pair generally remained within the consolidation range. The decline can still start from the current values. But if the bulls decided not to wait with the formation of wave v, then during today’s trading day, the USDJPY may continue to rise.

In this case, the signal for purchases proposed earlier is already activated. It will be possible to open additional deals at the renewal of yesterday’s high.

Idea: Purchases 113.75, SL 113.55, TP 115.00.