USD/JPY: Wave analysis and forecast for 26/04/2019 – 03/05/2019
The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 109.71.
Main scenario: long positions will be relevant above the level of 109.71 with a target of 113.00 – 114.00.
Alternative scenario: breakout and consolidation below the level of 109.71 will allow the pair to continue declining to the levels at 108.31 – 107.43.
Analysis: Supposedly, the wave of senior level (C) of B continues developing on the daily time frame, with the wave 2 of (C) formed inside. Supposedly, the first counter-trend wave of junior level i of 3 of (C) has been...Read full author’s opinion and review in blog
