USDJPY – Long trades at a new high

10.12.2021

During the last trading day, the minimum number of changes occurred. The quotes made attempts to grow, but all they succeeded was to slightly shift the local maximum. Accordingly, we keep the same expectations.

The first thing that can be expected now is the growth of the pair as part of the development of wave v of an upward impulse. Therefore, purchases are recommended when updating the previously set local maximums.

Idea: Purchases 114.00, SL 113.80, TP 115.50.