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.
GBPJPY Is Still Looking For A Higher Resistance. Check our free chart HERE