4 hour
The USD/JPY broke below support again (dotted blue) and has invalidated the bullish pattern and outlook. A larger bearish correction is now most likely and price could test the bottom of wave W (pink) at 111 or even break the bottom and move towards the round levels of 110.50 and 110.
1 hour
The USD/JPY bearish momentum looks strong and price could continue lower after price builds and breaks a chart pattern.
4 hour
1 hour
Origin: Admiral Markets
