USD/JPY. The formation of the third impulse wave has begun.

usd jpy nachalos formirovanie tret ey impul snoy volny 1

USD/JPY. The formation of the third impulse wave has begun.

USD/JPY. Началось формирование третьей импульсной волны.

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.