USDJPY – The price will continue to decline

02.12.2022

For the pair in question, the situation continues to develop within the framework of the previously indicated scenario. The price is moving down, presumably, forming the final wave 5 of the descending impulse. Based on the emerging picture, we can assume that the specified wave at the moment is still incomplete.

In this case, in future we expect continuation of decrease, during which buyers will try to grow, but it, presumably, will be a corrective wave.

Recommendations: Sell 135.10, SL 135.35, TP 133.75.