USD/JPY: Elliott Wave Analysis and Forecast for 04.04.25 – 11.04.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 150.48 with a target of 142.50 – 138.65. A sell signal: the level of 150.48 is broken to the downside. Stop Loss: above 151.20, Take Profit: 142.50 – 138.65. Alternative scenario: Breakout and consolidation above the level of 150.48 will allow the pair to continue rising to the levels of 152.72 – 154.20. A buy signal: the level of 150.48 is broken to the upside. Stop Loss: below 149.80,