The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 106.15.
Main scenario: long positions will be relevant from corrections above the level of 106.15 with a target of 107.67 – 108.43.
Alternative scenario: Breakout and consolidation below the level of 106.15 will allow the pair to continue declining to the levels of 104.00 – 103.00.
Analysis: Supposedly, the large correction has stopped forming on the daily time frame in the form of the wave (B) of senior level and wave (С) has started forming. Supposedly, the third wave 3 of (C) is forming…
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