4 hour
The USD/JPY uptrend could be facing problems if price is building a double top.
A break above the top could see the uptrend continue but a break below support (blue) could start a larger bearish correction towards the Fib levels.
1 hour
The USD/JPY seems to have completed the 5 th wave (orange) of a 5th wave (brown) and price could be building an ABC (brown) correction. A break below support (blue) could start a larger bearish correction towards the Fib levels.
Origin: Admiral Markets
