USD/JPY: Elliott Wave Analysis and Forecast for 26.06.26–03.07.26

Major Takeaways Main scenario: Consider long positions from corrections above 160.55 with a target of 165.00–170.00. A buy signal: the price holds above 160.55. Stop Loss: below 160.00, Take Profit: 165.00–170.00. Alternative scenario: Breakout and consolidation below the level of 160.55 will allow the pair to continue declining to the levels of 158.50–155.00. A sell signal: the level of 160.55 is broken to the downside. Stop Loss: above 161.10, Take Profit: 158.50–155.00