USDJPY has traded into resistance in the fibonacci golden pocket prior to the JPY Leading Economic Index data, which is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. Technically the pair is in a downtrend, below the trendline, and has traded into the fib golden pocket. We anticipate continued downside from here into the 108.890 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.