USD/JPY made a strong bullish move from the lows at the start of May, from around the 108.12 level where higher degree corrective wave four was finished. Recovery from the low was viewed as wave 1 followed by wave 2 pullback which is now searching for a support; ideally it will be seen near 61.8 or 78.6% Fib retracement level and around the open gap.
USD/JPY, 4H
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