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USD/JPY – Just One Step Away from a Drop!
Dear Traders,
After a notable rally late last week, USD/JPY appears to have lost its momentum. Observations suggest that Wave 5 has completed, paving the way for a potential corrective decline, which aligns perfectly with the classic wave structure.
We can now anticipate a downward correction, likely targeting the 155.95 zone initially. Following this, we might see further bearish consolidation below this level, aiming for the liquidity area around 152.85, a region that buyers have yet to revisit, and is currently taking shape.
Remember, this is just the starting point of our analysis journey. We will provide regular updates so you can stay informed and adjust your strategies accordingly. Stick to the plan and trade carefully!
After a notable rally late last week, USD/JPY appears to have lost its momentum. Observations suggest that Wave 5 has completed, paving the way for a potential corrective decline, which aligns perfectly with the classic wave structure.
We can now anticipate a downward correction, likely targeting the 155.95 zone initially. Following this, we might see further bearish consolidation below this level, aiming for the liquidity area around 152.85, a region that buyers have yet to revisit, and is currently taking shape.
Remember, this is just the starting point of our analysis journey. We will provide regular updates so you can stay informed and adjust your strategies accordingly. Stick to the plan and trade carefully!
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