USD/JPY: Elliott Wave Analysis and Forecast for 06.02.26–13.02.26

Major Takeaways Main scenario: Once the correction ends, consider long positions above 150.80 with a target of 162.00–165.00. A buy signal: the price holds above 150.80. Stop Loss: below 150.80, Take Profit: 162.00–165.00. Alternative scenario: Breakout and consolidation below the level of 150.80 will allow the pair to continue declining to the levels of 147.80–145.40. A sell signal: the level of 150.80 is broken to the downside. Stop Loss: above 150.80, Take Profit: 147.80&nda