USD/JPY Forecast. Forex Analysis

jpy4 hour

The USD/JPY broke above the resistance trend line (dotted red) and could be building a bullish breakout.

1 hour

The USD/JPY breakout is a potential wave 1 (blue) and any retracement could find support at the Fib levels of wave 2 (blue).

4 hour

1 hour

Origin: Admiral Markets

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