USD/JPY Forecast. Forex Analysis

uasd-jpy4 hour

The USD/JPY bounced at the support (blue) zone of the bigger triangle chart pattern. Price could now be ready to retest the resistance trend line (red).

1 hour

The USD/JPY bounced at the 88.6% Fibonacci support level of wave 2 (blue). Price needs to break above the next resistance trend line (orange) for a bullish breakout within wave 3 (green).

4 hour

1 hour

Origin: Admiral Markets

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