USDJPY – The dollar regains the initiative

03.02.2023

The situation on the pair in question has not undergone any significant changes. The previously considered scenario remains relevant. It is worth recalling that, probably, at the moment is formed correction taking the form of a zigzag.

During the previous trading day presumably, the development of the wave b was completed. Then in the near future we might see the impulse growth, which will become wave c.

In this connection conclusion of transactions for purchase looks rather perspective. In this connection it is recommended to open the deals already at the current market values.

Recommendations: Buy 128.60, SL 128.30, TP 133.00