USD/JPY Forecast. Wave Analysis

jy-l24 hour

The USD/JPY seems to be building bullish momentum (orange 3) within wave C (brown) after breaking above the resistance trend line (red).

1 hour

The USD/JPY could have completed wave 3 (purple) and retraced back to the 38.2% Fibonacci level within the wave 4 (purple) correction.

4 hour

1 hour

Origin: Admiral Markets

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