USDJPY is trying to stay with a larger uptrend now after a recent reversal down to the 95.50 support line, which appears to be wave iv).
Wave iv) found support around the trend-line connected from 91.00 and also near 38.2% Fibonacci support zone which was ideal start point for wave v). This wave v) could lift the pair up to 98.00 level in the near-term.
If you want more detailed technical analysis for USDJPY, as well as EURUSD and USDCAD , please see the video below.
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