UsdJpy with Fibonacci tool - UP

FX:USDJPY   U.S. Dollar / Japanese Yen
UJ seem to make a pretty smooth fib reaction on one-hour timeframe which is the most popular time frame. I see this as a buying opportunity because the major momentum is up. You can see trend going from bottom left and up. If this Fibonacci is placed right, then we do have 105 to 155 pips on our hands.

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.