USDJPY – Correctional growth is coming to an end

23.06.2023

The final part of the expected upward momentum continues to develop. The movement is within the framework of a simple zigzag correction pattern. It should also be noted that the final wave 5 of c is forming. This suggests that the reversal is already close, so it is risky to open buy trades, and the time for selling has not come yet.

In this situation, it is advisable to stay out of the market and watch the developments from the outside. For sell trades it is advisable to wait for an impulsive downward move and on correction to start selling.

Recommendations: flat.