USD/JPY Forecast. Forex Analysis

usd-jpy4 hour

The USD/JPY is retesting a strong support zone again (green/blue). A break below this support zone could indicate a bearish continuation within wave 2/B (light purple) whereas a bullish bounce could see price complete the wave B/2.

1 hour

The USD/JPY is showing strong bearish breakout candles below the support trend line (dotted blue). A break below the 100% Fib invalidates the wave 1-2 reversal.

4 hour

1 hour

Origin: Admiral Markets

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