Seems like the USDJPY is trying to form an UPTREND and reverse back to main resistant level. Hope it will hit Fibonacci line 0.786 and 106.7 price level.
Trade closed: target reached:
We have reached our target. Actually the fib was drawn at 4h or 1h time frame but dropping it to 15m and 5m shows the correct point to place the fib and thereby we achieved the correct point of 106.697 and thus we hit the target.