USDJPY continues to move upward. At the same time, the chart contains signals pertained to this model, indicating a possible downward price reversal.
The USDJPY chart reveals a Wolfe Wave pattern, indicating a likely downward movement. After the formation of point 5, which is the lower point of the series of waves, a trend reversal is expected. The upper resistance line can be drawn through points 1, 3 and 5, and the lower support line through points 1 and 4.
USDJPY holders should focus on opening short positions, which can be relevant either now or when the key signal level is retested.
📌 Entry: 155.002
✔️ First goal: 154.701
❌ Stop order: 155.097
