USDJPY – The price will go into a corrective growth

24.03.2023

The dollar slightly updated the local minimum, not allowing the sellers to sell the rate lower and gain the speed for further impulse decrease. Now having withstood this pressure, the U.S. currency is likely to try to go on a counter-offensive.

It might end up in a corrective rise, which is wave 2 of the emerging downtrend. In this regard, it is worth considering the possibilities to make buy trades at the current market values.

Recommendations: Buy 130.55, SL 130.30, TP 133.00.