USD/JPY: Wave analysis and forecast for 19.02 – 26.02

Forex analytics: USD/JPY: Wave analysis and forecast for 19.02 –26.02: Downtrend prevails. Estimated pivot point is at the level of 116.40. Our opinion: Sell the pair below the level of 116.40 with the target of 108.50 – 107.00.Alternative scenario: Breakout and consolidation of the price above the level of 116.40 allow the pair to continue the rise to the level of 121.50 or higher up. Analysis: ...