The chart shows another upward momentum. However, there are signs of a bearish wave that may occur after its completion.
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.
In this situation, it is worth considering short positions to trade USDJPY.
📌 Entry: 155.155
✔️ First goal: 153.613
❌ Stop order: 155.549
