Elliott waves analysis – USD/JPY. Expectations of price decline remain.

The situation over the past trading week has undergone minor changes. The dollar slightly updated the local maximum and hit the 61.8% Fibonacci level, drawn along the entire length of the previously formed downward impulse. Now there is an attempt to rebound and resume impulsive decline, but already within the third wave.

So far, sellers have not achieved any significant success. Perhaps during this next trading week, we will still see some interesting movements in the expected direction.

For now, it is recommended to focus on the 152.00 level, and if it is broken, you can try to open selling transactions.