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PoisonDaddy

USDJPY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
PoisonDaddy Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators Beyond Technical Analysis USDJPY short
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trendanalysis indicator beyondta usdjpy short
USDJPY once again the fib .618 on fan
area has been touched and this res/supp
has been respected since July 2021.
Also USDJPY was able to break from the parallel channel, and if its able to break the fib .618 the next stop will be the upper parallel channel. But in my opinion USDJPY needs a pull back probably to retest under parallel channel that broke out.
Comment:
Like I said before if pair was able to breach Fan fib resistance 0.618
then next stop would be the bottom of the upper parallel channel and as you can see it really acting as a resistance at 121.00
IF its able to keep the resistance then It will fall till the Fan fib .618 once again to act as support
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