USDJPY: Elliott wave analysis and forecast for 06.09.24 – 13.09.24

Highlights and key points Main scenario: consider long positions from corrections above the level of 141.66 with a growth target of 161.75 – 165.00. A buy signal: if the price holds above 141.66. Stop Loss: below 140.50, Take Profit: 161.75 – 165.00. Alternative scenario: breakout and consolidation below the level of 141.66 will allow the pair to continue declining to the levels of 129.34 – 121.00. A sell signal: once the level of 141.66 is broken to the downside. Stop Loss: ab