USD/JPY. A decline in the fifth wave of the downward impulse is expected. | 20 January 2025
20 January 2025, USD/JPY
The situation with this trading pair is progressing as expected. The price is likely forming a downward impulse, in which there are already three waves out of five. Currently, an attempt to grow is being observed. However, judging by appearances, this movement is corrective in nature and reflects the development of the fourth wave.
If this is indeed the case, then further sales are expected, aimed at forming the final fifth wave of the presumed impulse.
In view of this, consider the possibility of concluding sell transactions at the current market values, aiming to update the local minimum.
Investment idea: Sell 156.20, Stop Loss 156.45, Take Profit 153.90.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
