USD/JPY: Elliott Wave Analysis and Forecast for 07.03.25 – 14.03.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 151.30 with a target of 145.00 – 138.65. A sell signal: the level of 151.30 is broken to the downside. Stop Loss: above 151.80, Take Profit: 145.00 – 138.65. Alternative scenario: Breakout and consolidation above the level of 151.30 will allow the pair to continue rising to the levels of 153.10 – 154.43. A buy signal: the level of 151.30 is broken to the upside. Stop Loss: below 150.80,