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The pair USD/JPY is likely to fall Estimated pivot point is at a level of 109.72.
Main scenario: short positions will be relevant from corrections below the level of 109.72 with a target of 107.70 – 107.06.
Alternative scenario: breakout and consolidation above the level of 109.72 will allow the pair to continue rising to the levels of 110.50 – 111.10.
Analysis: Supposedly, a large correction has been completed in the form of wave (B) of senior level and ascending wave (С) is starting to form on the daily time frame, with the first wave 1 of (C) developing inside….
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