USD/JPY: Elliott Wave Analysis and Forecast for 28.02.25 – 07.03.25

Major Takeaways Main scenario: consider long positions from corrections above the level of 148.52 with a target of 153.68 – 154.94. A buy signal: the level of 148.52 is broken to the upside. Stop Loss: below 148.00, Take Profit: 153.68 – 154.94. Alternative scenario: breakout and consolidation below the level of 148.52 will allow the pair to continue declining to the levels of 142.00 – 138.65. A sell signal: the level of 148.52 is broken to the downside. Stop Loss: above 149.00