USD/JPY: Elliott Wave Analysis and Forecast for 20.03.26–27.03.26
Major Takeaways Main scenario: Consider short positions from corrections below 159.86 with a target of 156.07–155.17. A sell signal: the price holds below 159.86. Stop Loss: above 159.86, Take Profit: 156.07–155.17. Alternative scenario: Breakout and consolidation above the level of 159.86 will allow the pair to continue rising to the levels of 161.00–163.00. A buy signal: the level of 159.86 is broken to the upside. Stop Loss: below 159.86, Take Profit: 161.00–163.00.Mai