Hellena | USD/JPY (4H): Short to support area of 147.648.

Dear colleagues, I assume that the 5 wave impulse is ending and the downward movement will start soon. I think that wave 5 will end in the area of 149.720, then I expect a decline to the support area of 147.648.

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Yorum:

The price is already in the resistance area of 149.720. I suppose that the price may reach the level of 150 and then start a downward movement. In any case, I consider only short positions, because the end of wave 5 is near.