Prices are facing bearish pressure from resistance in line with the 61.8% fibonacci retracement and broke the previous low as well. We could see a test of the sell entry before a further drop here. Next key level to watch would be at the 109.50 area in line with the 78.6% fibonacci retracement. What are your thoughts on USDJPY? Love to hear them!
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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.