The situation on the pair in question continues to develop within the expected framework. Yen still made another attempt to strengthen, which led to an update of the local minimum. That was the end of the Asian currency’s deeds for now. The price began to grow and in the near future, probably, it will continue to do so. It’s all about the likely development of the correction, which is also a wave 2 in the incipient descending impulse.

The expected trajectory of the move is indicated in the above chart. In this regard, it is worth trying to cautiously buy with small movement targets.

Recommendations: Buy 133.25, SL 133.00, TP 134.50.