USD/JPY Forecast. Forex Analysis

jy-l64 hour

The USD/JPY could be close to starting an uptrend but a breakout above the resistance is needed before that becomes more likely. A break below support (blue) could see price test the previous bottom.

1 hour

The USD/JPY could have completed a wave 5 (green) of wave 1 (blue) and is now building a potential bearish ABC (green) within wave 2 (blue).

4 hour

1 hour

Origin: Admiral Markets

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