USD/JPY Forecast. Wave Analysis

jpy_1_news4 hour

The USD/JPY broke below the support trend line (dotted blue) but price action remains choppy. The failure to break the 114.50-115 resistance zone so far could be an early indication that wave 1 or A (light purple) has been completed.

1 hour

The USD/JPY is behaving choppily and building a corrective pattern on this 1-hour chart.

4 hour

1 hour

Origin: Admiral Markets

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