4 hour
The USD/JPY broke above the resistance (dotted red) of the triangle pattern and is now challenging the 61.8% Fibonacci resistance level of wave B (purple). A bearish bounce could see price fall towards the Fib levels of wave 2 or B.
1 hour
A break above the 100% level at 113.75 would invalidate the ABC zigzag (purple).
4 hour
1 hour
Origin: Admiral Markets
