USD/JPY Forecast. Wave Analysis

jpy_2_news4 hour

The USD/JPY received one more boost during yesterday’s FOMC statement. The USD/JPY moved up strongly after bouncing at the support trend line (green). Price has reached the resistance trend line (red) again.

1 hour

The USD/JPY broke the resistance trend line (dotted orange) and is continuing with the uptrend.

4 hour

1 hour

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