USDJPY
Analyzing the USDJPY 2 hour chart shows that the market closed at 107.636, breaking its resistance at 107.587 (Fib level 50%). With the Aroon up and down showing signs of further consolidation and a probable upswing to around 107.728 (Fib level 0.236), there is a possibility that the price might retrace at around 107.61 (Fib level 38.2%) and find support at around 107.526 (Fib level 61.8%).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.