USD/JPY: Wave analysis and forecast for 22.07 – 29.07.

Forex analytics:Estimated pivot point is at the level of 104.50. Our opinion: Buy the pair from correction above the level of 104.50 with the target of 109.00. Alternative scenario: Breakout and consolidation of the price below the level of 104.50 will trigger further decline in the pair to 102.70 – 101.20. Analysis: Presumably, the formation of the large upward correction continues as the wave B, in ...