USD/JPY wave analysis and forecast for 05.01 – 12.01
USD/JPY wave analysis and forecast for 05.01 – 12.01 Estimated pivot point is at a level of 112.03. Main scenario: long positions will be relevant from corrections above the level of 112.03 with a target of 114.73. Alternative scenario: breakout and consolidation below level 112.03 will allow the pair to continue drop to the level of 1.3296. Analysis: supposedly, wave (С) of senior level continues developing within 4-hour timeframe. Wave 3 of C started forming inside it. Apparently,…