USD/JPY: Elliott Wave Analysis and Forecast for 09.05.25 – 16.05.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 145.90 with a target of 138.65 – 131.50. A sell signal: the price holds below 145.90. Stop Loss: above 146.30, Take Profit: 138.65 – 131.50. Alternative scenario: Breakout and consolidation above the level of 145.90 will allow the pair to continue rising to the levels of 151.20 – 158.85. A buy signal: the level of 145.90 is broken to the upside. Stop Loss: below 145.50, Take Profit: 151.