USD/JPY Technical Analysis comments :
We have made appear fibonacci retracements of the last bearish movement on the chart. The pair USD/JPY got out shortly of its bearish channel and then got back into it. Currently, the pair is testing out pivot point at 82.73 (level 50%). We advise to trade the pair according to this level:
- Long if 82.73 is support. The breakout of 83.15 (level 61.80%) will give a new buy signal
- Short if 82.73 is resistance. The breakout of 82.31 (level 38.20%) will give a new sell signal.