Surprisingly, at the moment when the euro and the pound failed in their aspirations, the Japanese yen was able to hold back the onslaught of the dollar and, to all appearances, plans to continue the pressure. For this reason, the previously discussed wave scenario remains relevant.

It is assumed that in the near future we will see the continuation of the pair’s decline within the development of wave 3 of the downward momentum. One of the confirmations of this scenario will be the updating of the minimum set by wave 1.

It is recommended to open trades on sale at breakdown of this extremum.

Recommendations: Sell 137.20, SL 137.45, TP 133.00.