USD/JPY: Wave analysis and forecast for 12.02

Forex analytics: USD/JPY: Wave analysis and forecast for 12.02 – 19.02: Downtrend prevails. Estimated pivot point is at the level of 115.10. Our opinion: Sell the pair from correction below the level of 115.10 with the target of 108.50. In case of breakdown and consolidation of the price above the level of 115.10, buy the pair with the target of 121.70. Alternative scenario: Breakout and consolidation of the ...