USD/JPY: Elliott Wave Analysis and Forecast for 21.08.26–28.08.26

Major Takeaways Main scenario: Once the correction has been completed, consider short positions below the level of 160.52 with a target of 151.76–148.92. A sell signal: the correction ends and the price holds below 160.52. Stop Loss: above 161.10, Take Profit: 151.76–148.92. Alternative scenario: Breakout and consolidation above the level of 160.52 will allow the pair to continue rising to the levels of 163.90–166.50. A buy signal: the level of 160.52 is broken to the upside. S