USD / JPY. Turn and decline in the fourth wave.

the price before the reversal and the beginning of the decline decided to make a final breakthrough. This led to the breakdown of the upper boundary of the channel. However, immediately the price went down and during today’s trading session it is expected to return the price to its limits.

Thus, probably, the development of the wave of the III ascending impulse has ended and the development of correction began. The alleged wave of IV can end on the lower border of the same channel, which indicates a very good potential of the expected movement.

Investment idea: SELL 121.80, STOP LOSS 122.00, Take Profit 119.00.