USD/JPY. The price is moving into a correction. | 21 January 2025
21 January 2025, USD/JPY
The yen's position at the start of the current trading week was quite advantageous for an attack. However, the sellers failed to apply strong pressure, and instead of a quick and sharp decline, we witnessed sluggish movement.
Nevertheless, sellers deserve credit for completing the formation of the impulse wave. Going forward, the price may start rising to form a corrective wave, so profits from previously opened sell positions can now be locked in.
There are no signals for buys yet, so entering new positions is not recommended at this time. Stay on the sidelines and observe the evolving situation.
Investment idea: Flat.
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.
