The USD/JPY has formed a bullish Wolfe Wave structure on H4 time frame. In the last Wolfe Wave blog, I described various trading opportunities using new approach in Wolfe Wave charting. At this point the price is retreating towards Wolfe Wave point 5 zone - 110.10-110.30. Have in mind that this opportunity might take a day or two to develop and if it hits the point 5, now moment buyers could spike the price towards 1-4 target (EPA)* 111.80-112.00. This is a potential bullish swing on 4h time frame.
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*EPA - Estimated Price at Arrival (Target Price)