USDJPY – Price decrease expected

31.03.2023

The price has expectedly rallied, renewing the previously set local maximum. Now all this movement looks like a full-fledged ascending impulse, not a zigzag, as it was expected earlier, which raises some doubts about correctness of identification of the wave structure.

Anyway, the decline in the near future looks the most probable, it is another matter how strong and prolonged it will be. Everything depends on what wave structure the market has chosen.

In the meantime, you may start selling at current market values, transferring positions to Breakeven if possible.

Recommendations: Sell 132.75, SL 133.00, TP 131.90.