USDJPY – Impulse decrease of the pair will continue

11.11.2022

After a hesitant breakout of the triangle, the price returned to the lower formation. The assumption of the retest was confirmed, the price rushed down. Perhaps, thus, the formation of wave 3 of the downtrend began.

In this case, the observed decline is still far from being complete. In the near future the price will continue moving down forming wave 3. In such a situation, conclusion and holding of sell deals looks very promising.

Recommendations: Sell 141.00, SL 141.25, TP 138.00