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16.10.2019 09:29 PM
USDJPY remains in bullish short-term trend

USDJPY has bounced off the 38% Fibonacci retracement and cloud support at 106.90 and now is making new highs at 108.73. In Ichimoku cloud terms we expect price to move higher towards 110.50.

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USDJPY has bounced off critical Fibonacci and cloud support. Price is now making new higher highs and I expect price to continue its up trend towards 110.80-111. Support is at 107.70. Any pull back towards that area is considered a buying opportunity. Bulls do not want to see price break below 107-106.80.

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