4 hour
The USD/JPY bullish breakout is not seeing any follow through and is now retesting the support levels (blue).
1 hour
The USD/JPY is probably in a wave 1 (purple) but price is also building a triangle pattern (red/blue) and the trend direction will depend whether price is able to break above resistance (red) or below support (blue).
4 hour
1 hour
Origin: Admiral Markets
