USD/JPY is rising towards the pivot point of 153.22, a pullback resistance that aligns with the 50% Fibonacci retracement. A reversal from this level could lead the price to drop to the 1st support level of 151.06, an overlap support.
Alternative Scenario
However, if the price breaks above the pivot, we could see the price rise to the 1st resistance level of 154.63, which is a pullback resistance that lines up with the 78.6% Fibonacci retracement.
Confidence: โญโญโญ
๐ฒEntry: 153.22
โ๏ธ Stop Loss: 154.63
๐ฏ Target: 151.06
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