USDJPY – Price may make a false breakout of the high

10.11.2023

The price confidently continues to approach the maximum of the current year. Probably, the renewal will take place in the nearest future, but the continuation of growth is hardly to be expected. Growth turned out to be prolonged and looks like a correction, so it is necessary to open buy trades cautiously.

The level for entering sell trades is the breakdown of 149.20.

If the price goes down and breaks through this value, it may be the third wave of the incipient downward impulse.

In any case, the denouement is about to come and a lot of things will become clear, it remains to be patient and wait.

Recommendations: flat.