USD/JPY: Wave analysis and forecast for 13.05 – 20.05

Forex analytics:Estimated pivot point is at the level of 108.12. Our opinion: Buy the pair from correction above the level of 108.12 with the target of 110.64. Alternative scenario: Breakout and consolidation of the price below the level of 108.12 will trigger the decline in the pair to the levels of 106.36 – 105.50.Analysis: Presumably, the formation of the upward correction as the fourth wave of ...