USDJPY – Signs of a third impulse wave

02.02.2022

The Japanese currency did a good job of pushing the dollar. Quotes began to go down, confirming the final formation of wave ii in the form of a zigzag. Such a decline is probably wave iii of the downward impulse, which means that an impulse decline is brewing.

In this situation, the trading decision is to sell, against the backdrop of a very promising movement potential.

Recommendation: Sales 114.65, SL 114.80, TP 112.50.