USD/JPY. The formation of the third impulse wave has begun.
Probably along the pair under consideration, the development of correction in the form of a zigzag formed within the framework of wave 2 was completed. The dot was quite spectacular. Buyers had already broken through, but the sellers’ answer crushed them. As a result, the price rushed downwards, thus probably starting to form wave 3 of a descending impulse.
If it is so, then we will see a prolonged impulse price decline due to the formation of wave 3. Potentially, everything looks very promising and it is worth taking advantage of.