4 hour
The USD/JPY came close to hitting the -61.8% Fibonacci target but missed it by a few pips. There is a chance that price will hit resistance and turn around to complete the target.
1 hour
The USD/JPY seems to have completed a wave 3 (orange) and price is now building a potential corrective wave 4 (orange).
4 hour
1 hour
Origin: Admiral Markets