USDJPY – Expectations for an impulsive decline persist

03.11.2023

After the update of the maximum of the current year and the subsequent decline, the activity on the pair in question has slightly decreased. It is most likely due to the development of correction to the resulting downward wave. Then within the nearest time we may see a slight corrective growth, which will end with a sharp impulsive decline, if of course the considered wave scenario is correct.

It is recommended to open sell trades in this situation on the breakdown of the formed local minimum, passing by the value of 149.85.

Recommendations: Sell 149.85, SL 150.10, TP 144.50.