USDJPY is facing bullish pressure, potential for more upside

15 thg 3, 2021

USDJPY is facing bullish pressure and might bounce from pivot which coincides with 127.2% Fibonacci extension as well as 50% Fibonacci retracement. Prices might take a bounce towards 1st resistance which coincides with 100% Fibonacci extension as well as -27.2% Fibonacci retracement. If prices fall through pivot level, it might take support at 1st support which coincides with 100% Fibonacci extension. EMA is also below prices, suggesting bullish pressure for prices.