Our previous technical forecast for the Japanese yen and the USDJPY currency pair was absolutely correct and worked 100% correctly. Link to our forecast 2 weeks ago  https://masters.trade/en/forex/technical-analysis-on-usdjpy-and-the-possible-start-of-interventions-by-the-bank-of-japan

At the moment, the USDJPY pair is at a key level and is ready to continue its growth.

Key points in favor of growth:

• The end of the 4th corrective wave and the beginning of the 5th wave.
• Working off and ending the divergence.
• The 50% Fibonacci level from the last move.
• 3 touch to the horizontal line, in which the old resistance level becomes the new support level.
• The trend for this pair is now up.

Stop loss 136.80

Our wave pattern could break if the pair falls and consolidates on the daily charts below 137.00