USD/JPY: bearish 'High Wave'

USD/JPY: bearish 'High Wave'

2806usdjpyH4 (1).png

There'a 'Shooting Star', so the pair is likely going to test the closest support at 109.89 in the coming hours. A pullback from this level could be a starting point for an upward price movement in the direction of the next resistance at 110.80.

2806usdjpyH1 (1).png

The last bearish 'High Wave' has been confirmed, so the price is likely going to test the nearest support at 109.89. If any bullish pattern forms next, there'll be a moment for another advance.

jpy

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