USD/JPY: Elliott Wave Analysis and Forecast for 19.06.26–26.06.26

Major Takeaways Main scenario: Consider long positions from corrections above 159.45 with a target of 165.00–170.00. A buy signal: the price holds above 159.45. Stop Loss: below 158.90, Take Profit: 165.00–170.00. Alternative scenario: Breakout and consolidation below the level of 159.45 will allow the pair to continue declining to the levels of 155.00–152.00. A sell signal: the level of 159.45 is broken to the downside. Stop Loss: above 160.00, Take Profit: 155.00–152.00