USD/JPY: Wave analysis and forecast for 10.06 – 17.06

Forex analytics:Estimated pivot point is at the level of 106.20. Our opinion: Buy the pair from correction above the level of 106.20 with the target of 111.40. Alternative scenario:Breakout and consolidation of the price below the level of 105.46 will permit the pair to continue the decline to the levels of 105.46 – 105.00. Analysis:Presumably, the formation of the upward correction as the ...