Two scenarios for GJ:
1: Price to come down to first level of support on 1h then to push up higher.
2: Price to come down to 4h level of support matching up with 61.8% Fib level then to push up to create a new higher high.
Please use risk management.
Thanks, any comments are helpful.
USD/JPY to continue downtrend in my opinion, with Elliot wave 5. As you can see market is now in a downtrend, I predict market to reach correction which it has then impulse then correct then impulse and so on!
Can go short or hold for long!