Due to recent Dollar weakness, we could see the Dollar/Yen potentially pull back to key levels/fibonacci retracement levels before resuming it's bullish trend
USDJPY recently created a new high on the Daily Timeframe , I believe price will retrace to create a higher low before attempting to create a new higher high
4 Hour Chart shows a Head&Shoulders formation with 2 potential targets to hit
Have in mind that price is at a Daily Fibonnaci level (38.2%) and may break the 113.000 resistance level and resume its bullish trend
USDJPY recently created a new high on the Daily Timeframe , I believe price will retrace to create a higher low before attempting to create a new higher high
4 Hour Chart shows a Head&Shoulders formation with 2 potential targets to hit
Have in mind that price is at a Daily Fibonnaci level (38.2%) and may break the 113.000 resistance level and resume its bullish trend