The pair USD/JPY remains likely to grow. Estimated pivot point is at a level of 108.38.
Main scenario: long positions should be considered from corrections above the level of 108.38 with a target of 111.00 – 112.35.
Alternative scenario: breakout and consolidation below the level of 108.38 will allow the pair to continue declining to the levels of 107.70 – 107.06.
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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