USDJPY – Impulsive growth of the pair will continue

18.08.2023

The growth on the pair under consideration has continued as expected. At the moment, probably, the formation of the third wave of the upward impulse, which is part of the wave (c) of the zigzag, is underway. During today’s trading session, the growth is expected to continue, during which the third wave of the impulse may be completed.

Then the corrective pullback will begin, after which the price will again make a final leap, finally completing the formation of wave (c) of z.

In this regard, it is recommended to open and hold buy trades in the near future.

Recommendations: Buy 146.55, SL 146.20, TP 148.70.