USDJPY – Wave 4 development will continue

18.11.2022

The pair in question continues to develop a correction due to the formation of wave 4 of the downtrend. While the specified wave looks incomplete, so in the near future the price will continue its aimless wandering. There remains a slight possibility for growth during which wave 4 may be completed. But there is not much room for growth.

Trading in this situation is unpromising, so it is better to remain a detached observer and wait for good signals for trading.

Recommendation: Flat.