The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 107.86.
Main scenario: long positions will be relevant from corrections above the level of 107.86 with a target of 110.50 – 111.00.
Alternative scenario: Breakout and consolidation below the level of 107.86 will allow the pair to continue declining to the levels of 106.46 – 104.45.
Analysis: On the daily time frame, supposedly, a large correction has been completed in the form of wave (B) of senior level and wave (С) is starting to form. Presumably, wave iii of 1 is developing on the...
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