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.
1 hour
The USD/JPY is building a bullish correction to the top of the bearish channel.
4 hour
1 hour
Origin: Admiral Markets