USDJPY Daily Chart
Price in this pair tend to show strong bearish momentum, hence it has been rejected to the 0.5% fibonacci extension therefore the bear continues to drag the market up to to 1.68% fibonacci extension level. I recommend that if you want a safe trade to this pair to enter in the 0.78 fibonacci extension level as shown in the chart.... Goodluck
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.