USDJPY – The third impulse wave has started, wait for continuation

14.04.2023

The pair in question has taken its first tentative step in a downward direction. It is assumed that this is the beginning of the formation of wave 3 of the impulse. In this case, in the near future we expect a strong and prolonged downward movement during which the current year’s lows will be updated.

Conclusion of transactions for sale, in this regard, is a promising trading decision. It is possible to open positions already at the current market values.

Recommendations: Sell 133.10, SL 133.35, TP 124.00.