USD/JPY: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 159.00 with a target of 151.76–148.92. A sell signal: the price holds below 159.00. Stop Loss: above 159.60, Take Profit: 151.76–148.92. Alternative scenario: Breakout and consolidation above the level of 159.00 will allow the pair to continue rising to the levels of 163.90–167.50. A buy signal: the level of 159.00 is broken to the upside. Stop Loss: below 158.40, Take Profit: 163.90&nda