USD/JPY

Analysis

4H Chart

Based on 4H chart, this pair is in very strong bullish. But we have to wait it break 38.2 fibonaci line at 106.35. If it can break this line it'll go up to 108.50.

Daily Chart

Based on this chart, it'll go up to 109.41 as 61.8 fibonaci line.


Forecast

Day Trader : up after break 106.35
Swing Trader : Up after break 107.65

Recommendation

Day Trader : Wait
Swing Trader : Wait