Forexpamm

USD/JPY. Reduced within the fourth correctional wave.

Buyers by all means try to stay in newly conquered positions. As long as they succeed and quite good, the price even grows up a little. However, all development goes within the framework of the correctional wave IV, the main direction of which is down.

Thus, in the near future, the probability of a decrease is high, during which the next wave of a correctional model will be formed. It is assumed that this is a zigzag.

In this case, the opening of transactions for sale on current market values ​​looks enough promising.

Investment idea: Sell 135.00, Stop Loss 135.25, Take Profit 130.00.