USD/JPY: Murray wave analysis
D1. Break above the 6/8(118.75) lebel confirmed the bullish dominance. A pullback towards CTD1 is unlikely to come in the near term. CTD1 and CTW1 are pushing higher. We forecast growth towards 7/8(121.87) in the nearest future.
H4. The key level of 8/8(118.75) has finally been broken. Converging CTH4 and CTD1 point towards growth to +1/8(120.31). Fix above 8/8 will confirm the bullish scenario.