USDJPY – Dollar gives opponents a breather

21.04.2023

Nothing interesting happened on the trading pair in question either. The dollar, after a slight renewal of the local high, failed to build on its success. And the price slowly slid back to the starting point of the last upward movement.

There might be a second retest of the previously broken level and the price will eventually go even higher. Targets for the expected uptrend still lie near the local high established by wave a.

Recommendations: Buy 134.50, SL 134.25, TP 138.00.