USDJPY at Resistance + Fibonacci retracement .....!
📊 USDJPY Fibonacci Retracement Analysis
This chart showcases a Fibonacci retracement applied to the recent downtrend in USDJPY. Price is testing the 0.382 retracement level at 156.360, signaling potential resistance. A rejection at this level could lead to a short opportunity, targeting 155.626 (-0.60%). Watch for confirmations such as bearish candles or trendline breaks for optimal entries.
This chart showcases a Fibonacci retracement applied to the recent downtrend in USDJPY. Price is testing the 0.382 retracement level at 156.360, signaling potential resistance. A rejection at this level could lead to a short opportunity, targeting 155.626 (-0.60%). Watch for confirmations such as bearish candles or trendline breaks for optimal entries.
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