💹 USD/JPY Awaiting Break of S&R Trend Lines 💹

2 min read
Christopher Svorcik

Christopher Svorcik

Forex broker

Hi traders,

The USD/JPY is showing a consolidation pattern as price is respecting the support (blue) and resistance (red) trend lines. A bearish ABC zigzag seems the most likely pattern at the moment.

USD/JPY

4 hour


The USD/JPY bearish breakout could confirm the expected ABC (pink) within wave E (light purple). A bullish breakout could still be an expanded wave B (pink) unless price breaks above the previous top of wave D (purple).

1 hour


The USD/JPY is awaiting a breakout before a larger push up or down is possible.

Good trading,
Chris Svorcik
Elite CurrenSea

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ecs.START🎯🎯🎯: Tools, Indicators & Handouts

Our most popular trading tools and wisdom are FREE now. Join and receive a
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*Currently 86% of profit setups at entry after the price hits above the 3d or 4th Wizz level 🚀🚀🚀