Using trend channels to measure, USDJPY is currently on pace to hit the price point of .236 on the Fib scale or 115.745.
From there the price can either continue upwards to the resistance zone of 0 or 116.300 or back down to the price .5 or 115.100.
Let me know what you think in the comments
From there the price can either continue upwards to the resistance zone of 0 or 116.300 or back down to the price .5 or 115.100.
Let me know what you think in the comments
Comment:
115.745 price point has been reached. Im bearish for now, but 115.850 would confirm more bullish movement
