USD/JPY: Elliott Wave Analysis and Forecast for 02.05.25 – 09.05.25

Major Takeaways Main scenario: after the correction ends, consider short positions below the level of 151.27 with a target of 138.65 – 131.50. A sell signal: if the price holds below 151.27. Stop Loss: above 152.20, Take Profit: 138.65 – 131.50. Alternative scenario: Breakout and consolidation above the level of 151.27 will allow the pair to continue rising to the levels of 158.85 – 161.80. A buy signal: the level of 151.27 is broken to the upside. Stop Loss: below 150.40, Take