USDJPY – Rising in the final wave of the ascending impulse

21.09.2022

For the pair in question the situation is still unchanged. Volatility remains minimal, but the longer this calm continues, the sharper and more rapid the subsequent movement.

In our case impulsive growth is assumed due to the development of wave v of the upward impulse. As can be seen from the above screenshot, this movement is the final one in the ascending impulse structure. After that the opposite movement is expected, which may be quite strong.

But for the time being impulse growth is expected and it is recommended to keep an eye on the possibility of concluding buy deals when the current local maximum is updated.

Recommendations: Buy 145.00, SL 144.75, TP 146.50.