USD/JPY: Wave analysis and forecast for 15.07 – 22.07.

Forex analytics: Estimated pivot point is at the level of 100.00. Our opinion: Buy the pair from correction above the level of 100.00 with the target of 109.00.Alternative scenario: Breakout and consolidation of the price below the level of 100.00 will trigger further decline in the pair to 97.70. Analysis: Presumably, the formation of the fifth wave (v) of v of A has elided in the long-term downtrend. ...