1 hour
The USD/JPY broke above the resistance trend line (dotted orange) of the downtrend and is now showing a potential bounce.
A bullish break above resistance (red) would confirm the potential wave 3 (purple) whereas a bearish break below support (green) would invalidate it.
4 hour
The USD/JPY has bounced again at the key support zone (green lines). The bullish bounce could see price expand a wave B (brown) correction via an ABC (orange) flat.
