4 hour
The USD/JPY broke above the resistance trend line (dotted orange) and is building bullish momentum towards the wave 3 (purple) Fibonacci targets.
1 hour
The USD/JPY showed a bullish bounce as a part of a potential wave 4 (blue). Price could break above the resistance (orange) as part of the uptrend continuation or challenge the bottom of wave 4 (blue).
4 hour
1 hour
Origin: Admiral Markets
