4 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
