The pair USD/JPY remains likely to grow. Estimated pivot point is at a level of 109.62.
Main scenario: long positions should be considered from corrections above the level of 109.62 with a target of 113.50 – 114.30.
Alternative scenario: breakout and consolidation below the level of 109.62 will allow the pair to continue declining to the levels of 108.30 – 107.62.
Analysis: On the daily time frame, supposedly, a large correction is completed in the form of wave (B) of senior level and ascending wave (С) has started to form, with the third wave 3 of (C) developing inside. Wave ...
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