USD/JPY. Further impulsive decline is expected. | 06 February 2025
06 February 2025, USD/JPY
Something interesting seems to be brewing with this currency pair. Activated sales led to an update of the local price low. The observed decline is presumably Wave 3 of the forming downward impulse. It's quite possible that this wave is also extended, so we can expect sustained downward movement. However, this currency pair often behaves quite capriciously, especially when it comes to downward movements.
Perhaps this time everything will work out, and we'll finally see a full-fledged impulsive movement that could bring the rate to last year's low. The potential for movement in this case looks very interesting, so it is recommended to closely monitor developments and, if possible, try to participate in them.
Investment idea: Sell at 152.00, Stop Loss at 152.30, Take Profit at 150.00.
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.
