USDJPY – The price is going to rise a bit more before the reversal

30.06.2023

The price continues to move upward in small steps. It is assumed that the growth is going within the formation of wave 5 of c, which means that soon there could be a reversal and impulsive decline will begin.

But before that, we might see another active growth designed to complete wave 5. In this regard, it is not recommended to rush to conclude sell trades.

It is possible to try cautious purchases on renewal of the current local maximum with a small target.

Recommendations: Buy 144.90, SL 144.75, TP 146.00.