USD/JPY: Elliott Wave Analysis and Forecast for 11.04.25 – 18.04.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 151.11 with a target of 138.65 – 131.50. A sell signal: the price holds below 151.11 Stop Loss: above 151.50, Take Profit: 138.65 – 131.50. Alternative scenario: Breakout and consolidation above the level of 151.11 will allow the pair to continue rising to the levels of 154.70 – 158.76. A buy signal: the level of 151.11 is broken to the upside. Stop Loss: below 150.70, Take Profit: 154.7