USD/JPY: Wave analysis and forecast for 05.08 – 12.08.

Forex analytics:Estimated pivot point is at the level of 99.88. Our opinion: Buy the pair from correction above the level of 101.69 with the target of 109.00. Alternative scenario: Breakout and consolidation of the price below the level of 99.88 will trigger further decline in the pair to 97.00 – 96.00. Analysis: Presumably, the formation of the large upward correction continues as the wave B, in which ...