USD/JPY Forecast. Wave Analysis

news_22_feb_1_usd_jpy-4 hour

The USD/JPY is building a choppy bearish trend channel. The correction could go lower if price stays in the channel or breaks below the 23.6% Fibonacci level. In that case a wave 2 or wave B (light purple) could be developing.

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The USD/JPY is building a bullish correction to the top of the bearish channel.

4 hour

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Origin: Admiral Markets

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