Resistance: 79.46 strong/79.75 moderate/80.23 minor
Support: 78.98 moderate/78.69 minor/78.21 minor
The Hourly USDJPY chart is in a bear market with a medium credibility High Wave Doji (Bull) suggesting we look for a turn-around. Consider buys off the immediate support 78.98, or on a bullish confirmation. A stop loss should be placed just below 78.98 while the immediate target is 79.46. A close above 79.46 will have us looking for a rally to 79.75.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices