Decrease within the zigzag development is expected

07.06.2021

The dollar also failed in relations with the Japanese yen. The pair that had begun to grow was quickly stopped. The price is still within the correction, which, presumably, forms a complicated shape, at least wave b, which has turned out in the form of a double zigzag.

In the future, it is highly probable that the pair will continue to decline, during which wave C will form. In this case, it is worth looking closer at the possibility of opening sell deals at the renewal of the local minimum set on Friday.

Investment idea: sell 109.35, stop loss 109.55, take profit 107.00.