USDJPY – A strong impulse decrease is possible

02.06.2023

The previously considered wave scenario may be wrong. Perhaps the correction took the form of not a simple zigzag, but a double one. In this case the model in this case is complete. Then the decline which began, may be impulsive in nature and prove to be very prolonged.

In the long term the minimum of the current year may be updated. In this regard, it is recommended to look closely at the possibility of making sell deals at the current market values. In this case we can join the strong and prolonged movement at its beginning.

Recommendations: Sell 138.35, SL 138.55, TP 133.60.