USDJPY retesting breakout trendline, potential for upsidePrice is retesting the trendline breakout at our pivot level at 109.730 which is in line with 61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline support. Price could potentially swing towards resistance at 110.44, which is in line with 78.6% Fibonacci retracement level and 100% Fibonacci extension level.
Alternatively, price may drop to our support at 109.50, which coincides with 78.6% Fibonacci retracement level, 100% Fibonacci extension level and ascending trendline support.
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