USDJPY CORRECTION COMPLETED
FOR the past three weeks USDJPY was in a correction phase when it got rejected by 115.500 key resistance level. last week we saw a great bullish move looking at it from the weekly timeframe, price getting rejected by the golden ratio 61.8 of the fibs. Continuation of trend can be fully confirmed after price broke through daily structure at 114.640 and 115.190. Price is currently testing the 50.0 of the fibs on daily timeframe and has a higher chance of bouncing off from there. With further confirmations on smaller timeframes we could have a great RR with a potential target at 117.100.
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