USDJPY – Beginning of the rise in the third impulse wave

28.04.2023

It seems that the pair in question has started to implement the scenario with the formation of wave 3 of the ascending impulse, which is part of the correction. Earlier, the initial diagonal triangle, which is marked as wave 1 on the chart, completed its development. A shallow correction followed, after which the price rushed upwards.

And this is just the beginning. During the day, the USD against the Japanese Yen will rise. The target for this movement is around 138.00 and higher, therefore it is recommended to consider the possibility of making buy trades at the current market values.

Recommendations: Buy 135.00, SL 134.75, TP 138.00.