USDJPY – The yen may try to strengthen

06.07.2022

The past day turned out to be very successful for the dollar, the US currency was able to renew highs against the euro and the pound. But nothing could be done about the Japanese yen. The price has not remained the same. At the same time, expectations of the development of another wave of growth as part of the formation of the final part of the final diagonal triangle remain.

Perhaps during today’s trading session, we will see this. It is also impossible to exclude the option with the beginning of the decline already from the current values. You need to be ready for this.

Selling in this case is recommended below 134.20.

Recommendations: Sell 134.20, SL 134.50, TP 131.50.