USDJPY – The pair is expected to decline impulsively

01.09.2023

The situation on the pair under consideration continues to develop within the assumed scenario. Presumably, having completed a difficult upward correction, the pair is preparing for a long decline. So far, the speed of movement is insignificant, but with the passage of time it is likely to accelerate, but it is necessary to pass certain levels, at which the dollar will try to restrain the yen.

The current situation is also quite favorable for making sell deals, as the price has not gone far from the maximum, which means that there is still a great potential in a possible downward movement. In this regard, it is recommended to sell at current market values.

Recommendations: Sell 145.30, SL 145.65, TP 142.00.