FX:USDJPY   U.S. Dollar / Japanese Yen
195 4 3
Update: Support has proven resilient at this level with the daily close as a long legged Doji , showing demand on the Buyside for the pair. If longs were taken here stops will most likely need to be placed below previous support below the 618 Fib Level. R/R tells me to sit this one aside still until it breaks the 121 area.

Well we've been stuck in this period of consolidation for a good amount of time now. On the chart are some S/R levels confluent with Fibonacci Levels plotted from the Weekly low (115.50-116.08) to the Weekly High (121.45-121.79).

Areas to watch for signs of bullish momentum will be at the 618 / 786 Fib Retracement area. With major support lying between 115.51 / 116.08.

A break above the key level of resistance (121.45-121.79) would signal a long entry.
Note: By saying "break above" i mean a Daily candle break & close above the level of resistance.

A break below major support at 115.51-116.08 would signal a change of trend for me, and a short entry.

Happy Trading Traders, see you all at the London open! =)
Update: Price Sitting at support, no positions taken.
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Some levels to watch for Intra-day traders.
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Also do take note of the channel that price has been traveling within.
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