USD/JPY Forecast. Technical Analysis

jpy_3_news4 hour

The USD/JPY is testing both support Fibonacci levels of wave 2 (orange) and a resistance trend line (red).

A break above resistance could see price challenge the Fibs of wave 3 (orange).

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The USD/JPY would invalidate the wave 2 (orange) if price breaks below the 100% Fibonacci level.

Origin: Admiral Markets

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