USDJPY – The situation is still within the considered scenario

29.08.2022

Contrary to expectations of decrease in the final wave of correction taking the form of a zigzag, the price rushed upwards again, closely approaching the maximum. Probably, the dollar will try to break this peak as well. However, as before, this movement will be regarded as the corrective wave iv.

But to make the deals for sale it is necessary to get a confirmation. It will be the decline to 136.00. Exactly at the breakdown of this value you can open a sell transaction.

Investment idea: sell 136.00, stop loss 136.25, take profit 129.00.