USDJPY – Downside expectations remain

21.07.2022

There have been no significant changes in the pair under consideration, as before. The decrease turned out to be insignificant and the sellers are apparently not strong enough for more.

The pause at the current price levels is caused by a possible gathering of forces for a subsequent attack on the US currency, especially since the situation is quite conducive to this.

It is worth recalling that a corrective decline in the pair is expected due to the development of wave iv. Potentially, everything looks very promising, so the possibility of concluding sales transactions is worth a closer look.

Recommendations: Sell 138.10, SL 138.30, TP 133.00.