4 hour
The USD/JPY has retested key support zone (green lines), which will act as bounce or break spot.
A bullish bounce could see price expand a wave B (brown) correction via an ABC (orange) flat whereas a bearish break would indicate a downtrend continuation and the completion of wave B (brown) at 111 (where A orange is now).
1 hour
The USD/JPY is testing the resistance trend line of the bearish channel (orange lines).
Origin: Admiral Markets
