The upward momentum on USDJPY continues unabated. However, the chart shows that a reversal precondition is being formed.
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, priority is given to short positions.
📌 Entry: 155.483
✔️ First goal: 155.049
❌ Stop order: 155.550
