USD/JPY: Murray levels analysis
D1. The pair had broken CTD1 and even fixed below it. However, neither CTD1, nor even CTW1 changed color to bearish, hence the return at least toCTD1 is the most likely. Alternative scenario is a decline to the level of 4/8 (106.25), followed by a rebound.
H4. After crossing CTD1 and CTH4 the pair hasn’t been able to return above CTH4 and, apparently, the pair will shortly test the major support at 4/8(106.25). A break above CTH4 will be enough for the pair could rise to the area of CTD1.