4 hour
The USD/JPY failed to break above the resistance trend line (red) of the larger triangle pattern and is now testing the support line (blue). Price needs to break the support or resistance before a larger breakout is possible.
1 hour
The USD/JPY could be building a wave 2 (blue) as long as price does not break below the 100% Fib level.
4 hour
1 hour
Origin: Admiral Markets
