USD/JPY: Elliott Wave Analysis and Forecast for 13.11.26–20.11.26

Major Takeaways Main scenario: Once the correction has been completed, consider short positions below the level of 164.00 with a target of 151.76–148.92. A sell signal: the local correction ends and the price holds below 164.00. Stop Loss: above 164.60, Take Profit: 151.76–148.92. Alternative scenario: Breakout and consolidation above the level of 164.00 will allow the pair to continue rising to the levels of 167.50–172.30. A buy signal: the level of 164.00 is broken to the upside. Stop Lo