USDJPY – The situation for the decline remains favorable

20.06.2022

Jena again failed to catch the opportunity that appeared. Buyers bought everything and brought the price to the previously set maximum. From here, the price can continue to rise, setting new highs. But for a normal correction, all the conditions have long been in place. The impulse is formed and an adequate response is needed.

In this regard, expectations of an early decline in the pair remain. The downward movement will be determined by the development of wave iv.

Recommendations: Sell 134.70, SL 135.00, TP 129.00.