USDJPY – Reversal and decrease

24.10.2022

The final trading day of the last week turned out to be quite interesting for the pair in question. The calm and measured growth of the dollar was suddenly interrupted and the price rapidly went down, but not for long, there was a quick redemption and return to the highs.

It is highly probable that thus the development of the upward momentum is completed. The price is trying to turn around and start a decline. Conclusion of sell deals at the current market values looks quite promising, so it is recommended to take a closer look at them.

Recommendations: Sell 148.80, SL 149.10, TP 145.50.