4 hour
The USD/JPY broke below support (dotted green) and has made a larger bearish correction. This retracement could be a potential wave 1-2 (pink) although price remains in a larger range.
1 hour
The USD//JPY broke the bullish trend channel (green) and could be building an ABC pattern if price stays above the 100% Fib level of wave 2 vs 1.
4 hour
1 hour
Origin: Admiral Markets
