The price goes into correction

08.02.2021

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The Japanese yen also managed to suspend the growth of the dollar. The dollar is facing certain problems on all meaningful fronts, so that probably in the near future we will see not only a halt of its growth against the yen, but also some cheapening in price.

Therefore, it is possible that the formation of extension in wave (iii) is completed and the price is ready for a correctional decline.

Investment idea: sell 105.45, stop loss 105.60, take profit 104.90.