USDJPY is retesting strong intraday resistance within a larger regular flat correction by Elliott wave theory.
USDJPY is retesting the 142 – 143 resistance zone as a larger 3-3-5 regular A-B-C flat correction, where wave C can be already in final stages. So, still watch out for strong bears, especially if we will get sharp or impulsive intraday reversal down. Bearish confirmation is below 138 level.
![USDJPY Is Retesting Strong Intraday Resistance USDJPY 1H Chart](https://cdn1.wavetraders.com/wp-content/uploads/2023/07/intraday-usdjpy.png)
GBPJPY Is Still Looking For A Higher Resistance. Check our free chart HERE