USD/JPY: Wave analysis and forecast for 20.05 – 27.05

Forex analytics:Estimated pivot point is at the level of 109.67. Our opinion: In the short-term:sell the pair below the level of 109.67 with the target of 108.20. In the medium-term: wait for the completion of the correction and buy the pair above the level of 105.46 with the target of 112.50. Alternative scenario: Breakout and consolidation of the price below the level of 105.46 will trigger the ...