4 hour
The USD/JPY is building a potential wave 4 (blue) within the uptrend. A break above resistance (red) could see price challenging the 114.50-115 target zone.
1 hour
The USD/JPY bounced at the 38.2% Fibonacci level which was part of a wave 4 correction (blue). A break above resistance (red) could confirm the wave 5 (blue/purple) breakout.
4 hour
1 hour
Origin: Admiral Markets
