💱USD/JPY Chance For A Correction

💱USD/JPY Chance For A Correction

💱Following my last analysis in which I brilliantly predicted declines to a support zone:

💱This time it is time to try to attack the upward correction.

💱In my opinion, there is a high probability of the price reaching the area around 140 where there is a cluster of two fibo levels. The first level is 1.618 of the entire current downward wave. The second level is 0.236 of the upward wave from the 2016 bottom to the 2022 peak.

💱The support zone is set around the last bottom of the current downward wave.

💱 As can be seen, the MACD histogram also indicates a higher probability of the continuation of the upward trend.

💱RSI is also positioned at the 50 zone, testifying to the key decision point where the price is located.

💱The scenario I'm playing out is an attempt to attack the most significant resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💱*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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