Elliott waves analysis – USD/JPY. Possible start of a decline in the third impulse wave.

The situation with this trading pair follows the expected path. Yesterday, the price managed to rise, although this buyer-driven strength appears temporary, given that it is tied to the completion of the correction wave.

Considering that this correction is likely complete, a resumption of the downward impulse movement is imminent. Given the expected decline in the third impulse wave, this presents an attractive opportunity to enter sell trades at current market rates.