USDJPY Could Crash From Here...BULLISH Momentum Slowing Down!!!
Looking at USDJPY price action, we can see that USDJPY BULLISH momentum targeted a full fib movement to 461.8% fib level. After that, we managed to see BEARISH pressure taking over with price hitting all the way till 261.8% fib level followed by a short BULLISH movement to 361.8% fib level. Now price is near a resistance level @109.42 where I expect a rejection from here bringing price back to 161.8% fib level in the long run.
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