4 hour
The USD/JPY seems to be building a retracement after the bullish breakout above resistance (dotted red).
The pullback is probably a wave 4 (orange) which could find support (green lines) at the previous bottom and tops.
1 hour
The USD/JPY needs to break above resistance (red) before the wave 5 (orange) could start. A break below the 61.8% Fib of wave 4 vs 3 makes a wave 4 (orange) unlikely.
Origin: Admiral Markets