USDJPY – Impulsive zigzag growth expected

10.02.2023

The decline, as expected, turned out to be only a correction. The dollar is beginning to strengthen and is preparing to make a rush as high as possible. The developing situation disposes to it. The development of wave c of a zigzag is assumed. These waves take an impulsive form. The first two waves have already been formed and growth is expected within development of the third wave in the near future.

It is recommended to open buy deals in this situation at renewal of the current local maximum.

Recommendations: Buy 133.00, SL 132.80, TP 135.00.