During the past trading day, there were no significant changes. The price spent the entire day within a certain range without making any attempts to either grow or fall below. Although it was expected that the Japanese yen would try to seize the moment and strengthen its position. The situation lends itself to this, since previously, presumably, a downward impulse formed, which then transitioned into a correction.
In this regard, a further implosive decline seems quite logical, but there have been some problems with this so far. Perhaps during the current week, things will get moving and the price will rush downwards to form the third wave of the downward impulse.
It is recommended to open sell positions in this situation upon updating the current local minimum.
Investment idea: Sell at 153.70, Stop Loss at 154.00, Take Profit at 150.00.
Origin: FreshForex
