USD/JPY: Elliott Wave Analysis and Forecast for 31.07.26–07.08.26
31-07-2026 13:20 via litefinance.org

USD/JPY: Elliott Wave Analysis and Forecast for 31.07.26–07.08.26

Major Takeaways Main scenario: Consider long positions from corrections above 157.85 with a target of 166.50–170.00. A buy signal: the price holds above 157.85. Stop Loss: below 157.20, Take Profit: 166.50–170.00. Alternative scenario: Breakout and consolidation below 157.85 will allow the pair to continue declining to the levels of 155.00–152.40. A sell signal: the level of 157.85 is broken to the downside. Stop Loss: above 158.50, Take Profit: 155.00–152.40.Main Scenari
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