USDJPY – We are waiting for the development of the third wave of momentum

07.02.2022

The American dollar, which began to noticeably lose its positions, unexpectedly showed strength for the market. Despite the growth, which is very similar to a correction, the price hit a local maximum, which will be very difficult to break through.

Therefore, the most likely scenario now is the end of the correction in the near future, after which another impulse will follow in a downward wave.

Recommendations: Sales 115.10, SL 115.30, TP 113.00.