USD/JPY: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26

Major Takeaways Main scenario: Consider short positions from corrections below 160.70 with a target of 152.10–145.50. A sell signal: the price holds below 160.70. Stop Loss: above 161.20, Take Profit: 152.10–145.50. Alternative scenario: Breakout and consolidation above the level of 160.70 will allow the pair to continue rising to the levels of 165.00–170.00. A buy signal: the level of 160.70 is broken to the upside. Stop Loss: below 160.20, Take Profit: 165.00–170.00.Mai