4 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 below the 23.6% Fib could see a drop lower to the Fibonacci levels of wave 2 or wave B (light purple).
1 hour
The USD/JPY is testing the Fibonacci support and trend line (green).
4 hour
1 hour
Origin: Admiral Markets