USDJPY – It is difficult for the market to determine the direction

17.12.2021

The currency pair fell somewhat, which deviates somewhat from the previously outlined scenario. The price returned below the broken resistance level, thus continuing the correction that was starting to drag out. From here, the pair can move in any direction, so for now, pause trading in the instrument under consideration and just watch the development of events from the sidelines.

It should be noted, however, that the chances for growth still remain. The final wave v can take the shape of a final diagonal triangle, then we will see a series of upward three-wave patterns. But so far these are only assumptions that require confirmation.

Idea: Side.