USD/JPY Forecast. Wave Analysis

jpy4 hour

The USD/JPY has bounced at the bottom / support (green) of the uptrend channel and is showing a break above the resistance trend line (dotted orange). This could be ware of a wave 3 (blue).

1 hour

The USD/JPY bullish breakout could still face some resistance from the previous highs.

4 hour

1 hour

Origin: Admiral Markets

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