USD/JPY (Dollar/Yen) Outlook (Point and Figure)
2-hour chart 0.02 yen standard frame P&F chart
2-hour chart 0.05 yen standard frame P&F chart
USD/JPY has tested the 117 yen level several times but has not been able to break through.
As described above, since it has already reached the maximum target of 116.999 yen on the 2-hour 0.02 frame Point and Figure, a rebound is likely for now.
A new pivot has formed around 117.35 yen, and if this level can be broken, there may be a rebound up to around 117.6–117.9 yen.
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