The expected rise in the pair in question did not happen. Instead, the dollar gave the yen a chance to catch its breath. As a result, the recent price swings are becoming very similar to a correction. Also, it is possible that these swings are caused by the development of the final diagonal triangle, which is wave 5 of c.

In this case, after the final rise to the upper boundary of the indicated channel, we will see a sharp decline, which could be the beginning of a prolonged downward impulse.

In this regard, it is necessary to wait for confirmation in the form of growth, and then reversal and breakdown of the lower boundary of the forming range.

Recommendations: Sell 135.95, SL 136.15, TP 133.00.