THE RANGED USD/JPY

46
The USD/JPY seems to be creating a form of ranged market.

The white spot are the two reactive lines in the fibonacci replacement for a strong bear or it will create a support level for a bull.

I go with the formation of a bull though.

It will hit the strong resistance level at price 109.400.

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.