#USDJPY - UniverseMetta - Analysis
BUY from breaking through the 1st wave
The price can form a 3-wave structure along the trend and continue to rise to levels 165. It is also worth considering the range on H4 in which the price can remain for a long time, which increases the period of holding the position; you can also consider a correction from the upper border and increase purchases from the lower one.
For a downward movement, you should wait for consolidation at the lower border and a retest confirming further downward movement.
Target 160 - 165
BUY from breaking through the 1st wave
The price can form a 3-wave structure along the trend and continue to rise to levels 165. It is also worth considering the range on H4 in which the price can remain for a long time, which increases the period of holding the position; you can also consider a correction from the upper border and increase purchases from the lower one.
For a downward movement, you should wait for consolidation at the lower border and a retest confirming further downward movement.
Target 160 - 165