USD/JPY Wave analysis and forecast for 12.08 – 19.08

Forex analytics:Estimated pivot point is at the level of 100.86. Our opinion:Buy the pair from correction above the level of 100.86 with the target of 109.00.Alternative scenario:Breakout and consolidation of the price below the level of 100.86 will trigger further decline in the pair to 99.00 – 98.00.Analysis: Presumably, the formation of the large upward correction continues as the wave B, in ...