USD/JPY: Wave analysis and forecast for 01.07 – 08.07:

Forex analytics:Estimated pivot point is at the level of 103.46. Our opinion: Sell the pair from correction below the level of 103.46 with the target of 97.70. Alternative scenario: Breakout and consolidation of the price above the level of 103.46 will trigger further rise up to 106.80. Analysis:Presumably, the formation of the long-term downtrend continues. It is assumed that within this trend the fifth ...