As we can see the chart show us divergence so it could be a signal of a trendswitch.
Also important is that USDJPY is very close to cross 20-MA from top to down.
The main target for this idea is 108.11.
Have a good trading week!
The currency was swimming between 38.2% and 50%(129.48-130.99).
Now situation is that price goes down to 23.6% of Fibonacci.
On Monday this pair can go to 129.40. At this point you may think about sell trade to 124.40.
On 1H chart we can see short term uptrend.
The main target is 1.3480-1.3485.
On monday the currency can go to 1.3360(testing of the trend).
Also important is that GBP/USD crossed 20-MA on daily chart.
It will be usefull wait for low movement down then buy at 1.3460.
So, as we can see USD/JPY did not break through the 61.8% of Fibonacci.
This could signalize that the direction will be going down.
Also important thing is that currency is below 20-MA on H4 chart.
The main target points 109.17-108.70.
Today eur/usd can reach 1.1760(support level)
If the price breaks through the level then u may think about sell position.But be carefull with
false breakdown.Wait until the confirmation of a direction.If the market
will continue to movement up then keep buy positions up to 1.1845-1.1880
On daily chart we can see price corridor that could be usefull
in the next week.
Main resistance level is 0.7946.
Main support level is 0.7120.
Right now currency is below 20-MA so it's great opportunity
to sell on the peaks of daily movements