4 hour
The USD/JPY bounced at the resistance zone and is now building a lower high. Price will need to break below support (green) before a bearish breakout is likely.
1 hour
The USD/JPY is testing a resistance trend line (red). A bearish bounce could see price continue with the downtrend whereas a bullish breakout could indicate a bigger reversal.
4 hour
1 hour
Origin: Admiral Markets
