For the USDJPY pair, the completion of the formation of wave ii was previously considered. But the cost continued to trade within a specific price range. The expected movement is likely to occur during today’s trading. But there is no need to rush to place trade orders.

In this situation, it is advisable to start selling after breaking the lower level of the corridor that formed yesterday.

Recommendation: Sales 114.70, SL 114.90, TP 112.00.