USDJPY – Possible impulse growth in a corrective wave

13.01.2023

The rate during the last trading day fell below the previously set minimum. Probably, it was conditioned by formation of the wave b, the corrective zigzag.

Then, in the near future the rapid impulse growth may begin to complete the development of the correctional model. In this regard, the buy trades at the current market values look rather promising.

Recommendations: Buy 129.25, SL 129.00, TP 140.00