USDJPY – Probable start of the third impulse wave

27.01.2022

Quotes rose sharply, apparently trying to form a zigzag in the second wave, the supposed bearish momentum. In this situation, the sensible solution is to wait for the decline and break the established level before placing short positions.

Probably, in the future, the third impulse wave will develop, which is very promising in potential.

Solutions: Sales 114.10, SL 114.30, TP 112.00.