4 hour
The USD/JPY is trapped in between strong support (green/blue) and resistance (red/orange) but price still seems to be building a wave 1-2 (purple) pattern. A bearish break below the bottom and 100% Fib invalidates the wave 2 (purple).
1 hour
The USD/JPY needs to break above resistance (red) before an uptrend continuation is likely.
4 hour
1 hour
Origin: Admiral Markets
