USD/JPY: Elliott Wave Analysis and Forecast for 06.06.25 – 13.06.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 146.32 with a target of 138.65 – 131.50. A sell signal: the correction ends and the price resumes declining from the 146.32 level. Stop Loss: above 147.50, Take Profit: 138.65 – 131.50. Alternative scenario: Breakout and consolidation above the level of 146.32 will allow the pair to continue rising to the levels of 151.20 – 158.85. A buy signal: the level of 146.32 is broken to the upsid