USD/JPY: Wave analysis and forecast for 27.05 – 03.06

Forex analytics:Estimated pivot point is at the level of 110.57 Our opinion: Sell the pair from correction below the level of 110.57 with the target of 108.90 – 108.00. In case of breakout of the level of 110.57, buy with the target of 112.50. Alternative scenario: Breakout and consolidation of the price above the level of 110.57 will trigger the rise up to 112.50.Analysis: Presumably, the formation ...