USDJPY – Minor Correction Before Further Growth

05.07.2024

Unexpectedly, we saw a slight decline in the considered pair. Currently, this appears to be a corrective pullback within a forming upward impulse movement. The price may continue to decrease slightly, after which another buying spree is expected, returning to previously established highs.

It is anticipated that this will conclude the development of wave 3 of (5). Overall, the situation remains within the framework of the previously considered scenario, and no significant changes are expected in the near term.

Buying in this situation is recommended upon completion of the current corrective pullback at the first signs of resuming growth.

Recommendations: Flat.