USD/JPY Forecast. Forex Analysis

jy-l34 hour

The USD/JPY is still trapped in between strong support (green/blue) and resistance (red/orange). Price could be building a wave 1-2 (purple) pattern but a bullish break is needed. 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

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