TECH Sell 11.06.2021 07:46
USD/JPY: wave analysis
The pair is in a correction, a fall is possible.
On the daily chart, the first wave of the higher level (1) of C develops, within which the third wave 3 of (1) forms. Now, the first wave of the lower level i of 3 has developed, and a downward correction is forming as the second wave ii of 3, within which the wave (а) of ii has formed, the wave (b) of ii has ended, and the formation of the wave (c) of ii has started. If the assumption is correct, the pair will fall to the levels of 107.48–106.74. In this scenario, critical stop loss level is 110.34.
FUND Sell 10.06.2021 11:22
USD/JPY: correction amid poor US data
The corrective decline of the USD/JPY pair, which began last week, is associated with the fall in the USD Index as a result of the release of somewhat disappointing Friday data on the US labor market.
FUND Sell 09.06.2021 10:24
USD/JPY: positive GDP data supported JPY
Quotes of USD/JPY are correcting at 109.46.
FUND Buy 08.06.2021 08:44
USD/JPY: the US dollar is trying to recover
Today, during the Asian session, the USD/JPY pair is growing slightly, correcting after the "bearish" start of the week and an active decline last Friday, when investors discussed the published report on the US labor market for May.