USDJPY has been in bullish trend. With the recent intervention of bank of japan with over 3.4 trillion yen, It has seen strong move downwards strengthening yen. As, the price is trading at premium fib levels of 50-78% , It can retest ascending trendline and bounce up from there making it an attractive level to look for buying opportunities
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.