The third impulse wave begins

22.01.2021

The most understandable situation at the moment is for the USD\JPY pair, where a reversal has probably occurred and the first two waves of impulse have formed. A promising upward movement is ahead and it has probably already begun.

Based on the presented counting, the development of wave (iii) is assumed, and the third waves are usually the longest and most rapid. Therefore, it is worth looking seriously at the possibility of buying at current market prices.

Investment idea: buy 103.65, stop loss 103.25, take profit 105.50.