USDJPY: Approaching potential resistance confluence

Another potential trade in the USDJPY, as the price approaches the 1.618 extension for latest bearish wave in addition to the 78.6% retracement for the overall bearish wave.

This is just a highlight for level, and it is not forecast or a trade yet. A confirmation that this is a valid resistance remains needed to initiate the trade.

Will be posting on new developments.

Best
Technician