USD/JPY. The development of the third wave of the downward impulse is coming to an end. | 07 February 2025
07 February 2025, USD/JPY
While EUR/USD and GBP/USD cannot boast of interesting directional movements, there's a good impulsive decline going on with this pair. The price has finally begun to form the long-awaited impulse, in which, presumably, Wave 3 is developing.
Soon it will come to an end, leading to a slight corrective increase caused by the development of Wave 4. Therefore, previously opened sell positions are recommended to either begin closing or securing by moving the stop loss as close as possible to the current market value.
Taking any trading actions right now is not worth it. You need to watch how events develop over the next few trading days.
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.
