USD/JPY: Elliott Wave Analysis and Forecast for 04.09.26–11.09.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 160.38 with a target of 151.76–148.92. A sell signal: the price holds below 160.38. Stop Loss: above 161.00, Take Profit: 151.76–148.92. Alternative scenario: Breakout and consolidation above the level of 160.38 will allow the pair to continue rising to the levels of 163.90–166.50. A buy signal: the level of 160.38 is broken to the upside. Stop Loss: below 159.80, Take Profit: 163.90&nda