4 hour
The USD/JPY used the support zone (dotted green) as resistance and broke below the -27.2% Fibonacci target. Price now has potential space to the next target which is the -61.8% Fib.
1 hour
The USD/JPY is at the bottom of a falling wedge pattern which could indicate a potential bullish retracement.
4 hour
1 hour
Origin: Admiral Markets
