USD/JPY Forecast. Wave Analysis

jpy_14 hour

The USD/JPY is still in its choppy bearish trend channel. A bullish breakout could test the resistance levels of wave X (pink). A bearish breakout could test the Fibonacci levels of wave 2 or wave B (light purple).

1 hour

The USD/JPY is testing the resistance of the bearish channel (orange line) and previous tops (red line).

4 hour

1 hour

Origin: Admiral Markets

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