USDJPY – The price will continue to rise

27.01.2023

The price gradually returns to the local maximum formed as a result of a sharp surge of activity on the part of buyers, after which there was no less rapid rollback. It is likely that in this way is the formation of the upward impulse, which is part of a major correction.

Since the impulse structure is not formed, the growth is expected to continue in the near future. In this case, conclusion of buy deals at the current market values, is a rather promising trading decision.

Recommendations: Buy 130.40, SL 130.20, TP 135.00.