USD/JPY: Elliott Wave Analysis and Forecast for 10.07.26–17.07.26

Major Takeaways Main scenario: Consider long positions from corrections above 160.35 with a target of 165.00–170.00. A buy signal: the price holds above 160.35. Stop Loss: below 159.80, Take Profit: 165.00–170.00. Alternative scenario: Breakout and consolidation below 160.35 will allow the pair to continue declining to the levels of 158.90–158.00. A sell signal: the level of 160.35 is broken to the downside. Stop Loss: above 160.90, Take Profit: 158.90–158.00.Main Scenari