From the weekly chart, the price has reached the 61.5 Fibonacci retracement level and made a rejection at the price of 145.470 before dropping again to the level of 152.134 on the 1-hour time frame. Therefore, I am waiting for any possibility of a rejection as shown in the chart before deciding to continue selling USD/JPY
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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.