4 hour
The USD/JPY break above the 2nd resistance trend line (dotted orange) could indicate a bullish breakout towards the next top (red). Although price is still in a large range, it could be the start of a larger bullish push higher.
1 hour
The USD/JPY broke above the resistance trend line (dotted orange) and could be in a wave 5 (purple) and moving towards the Fib targets.
4 hour
1 hour
Origin: Admiral Markets