Main scenario:<\/strong>\u00a0short positions will be relevant from corrections below the level of 111.87 with a target of 110.13.<\/p>\n Alternative scenario:<\/strong>breakout and consolidation above the level of\u00a0 111.87 will allow the pair to continue rising to a level of 113.40.<\/p>\n Analysis:\u00a0<\/strong>Supposedly, a descending correction in the form of the wave 2 of senior level continues developing within the 4-hour time frame. Apparently, the wave c of 2 is now developing locally. If this assumption is correct, the pair will continue to\u00a0 drop to 110.13. The level 111.87 may be critical in this scenario.<\/p>\n USD\/JPY Wave analysis and forecast for 12.01 \u2013 19.01 Estimated pivot point is at a level of 111.87. Main scenario:\u00a0short positions will be relevant from corrections below the level of 111.87 with a target of 110.13. Alternative scenario:breakout and consolidation … Continue reading ![\"\"](\"http:\/\/www.forexguru.pk\/wp-content\/uploads\/2018\/01\/USDJPYH1-1.png\")
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