USD/JPY: Elliott wave analysis and forecast for 04.10.24 – 11.10.24

Highlights and key points Main scenario: once the correction ends, consider long positions above the level of 141.63 with a target of 151.51 – 153.88. A buy signal: the price holds above 141.63. Stop Loss: below 140.00, Take Profit: 151.51 – 153.88. Alternative scenario: breakout and consolidation below the level of 141.63 will allow the pair to continue declining to the levels of 131.25 – 123.97. A sell signal: once the level of 141.63 is broken to the downside. Stop Loss: abo