RSS USD/JPY: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25

[Crax Bot]

Major Takeaways Main scenario: Consider short positions from corrections below the level of 159.00 with a target of 148.50 – 138.65. A sell signal: the price holds below 159.00. Stop Loss: above 159.80, Take Profit: 148.50 – 138.65. Alternative scenario: Breakout and consolidation above the level of 159.00 will allow the pair to continue rising to the levels of 161.96 – 165.50. A buy signal: the level of 159.00 is broken to the upside. Stop Loss: below 158.00, Take Profit: 161.96 – 165.50. Main Scenario Consider short positions below the level of 159.00 with a target of 148.50 – 138.65.... Read full author’s opinion and review in blog of #LiteFinance

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