The most understandable situation is currently developing for the USD/JPY pair. Earlier, after the completion of the development of the diagonal in wave 5, an upward lead was formed here. Now, the price is correcting this lead-in wave, and it is probably taking the shape of a converging horizontal triangle. If this assumption is correct, a good impulsive growth wave awaits us after a slight decline, which is designed to complete this entire corrective pattern.

Consequently, it is recommended to look closer at the possibility of opening buy deals.

You can open deals already at the current values. In this case, trading parameters may look as follows: buy 103.75, stop loss 103.40, take profit 105.50.