USDJPY – Expectations for an impulsive decline in the pair persist

06.10.2023

The whole last trading day was spent on fixing the price outside the supposed final diagonal triangle and so far everything is going quite well for the sellers. Now it is necessary to develop the success by giving impulse acceleration in the descending direction. This will form an incoming wave, which will give confidence.

In principle, we can try to sell cautiously at current prices without waiting for this wave. The nearest target in this decline is at the level of 144.50, from here the development of the supposed final diagonal triangle began, and when working off this signal, the minimum movement is comparable to the length of the specified model.

Recommendations: Sell 148.50, SL 148.85, TP 144.50.