USDJPY💲Corrective reduction❗
A breakout and confident fixation of the price outside the channel indicates an erroneous interpretation of the emerging wave situation. Probably, at the moment we have a large zigzag in which the wave is developing.
The specified wave, as it should be, takes an impulse form. It is possible that the formation of the wave was completed earlier, which means that in the future we are expecting a correctional decline within the framework of the development of the wave.
Potentially it looks very interesting, so it's worth trying to participate in this.
Investment idea: sell 114.20, stop loss 114.40, take profit 113.00.
Have a nice trade!
The specified wave, as it should be, takes an impulse form. It is possible that the formation of the wave was completed earlier, which means that in the future we are expecting a correctional decline within the framework of the development of the wave.
Potentially it looks very interesting, so it's worth trying to participate in this.
Investment idea: sell 114.20, stop loss 114.40, take profit 113.00.
Have a nice trade!
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