The analysis of the USD/JPY currency pair suggests a potential price movement based on Fibonacci retracement levels. According to the analysis, the pair may be approaching the 88.6% Fibonacci retracement level. This level often serves as a significant area of support or resistance in financial markets.
Furthermore, the analysis anticipates that after reaching the 88.6% Fibonacci retracement level, the USD/JPY pair could experience a subsequent move towards a target of 0.65. This implies a bearish sentiment, suggesting a potential further decline in the value of the USD relative to the JPY.
Be safe, trade wise!
Furthermore, the analysis anticipates that after reaching the 88.6% Fibonacci retracement level, the USD/JPY pair could experience a subsequent move towards a target of 0.65. This implies a bearish sentiment, suggesting a potential further decline in the value of the USD relative to the JPY.
Be safe, trade wise!
Comment:
886 level was reached, expecting correction to 786 level.