USDJPY is facing bullish pressure, potential for more upside

16 มี.ค. 2021

Prices are taking support from ascending trendline support and 1st support level, which coincides with 50% Fibonacci retracement and 50% Fibonacci extension. Prices might bounce towards 1st resistance which is 100% Fibonacci extension and -68% Fibonacci retracement Fibonacci confluence area. If prices fall through 1st support, prices might take support on 2nd support which coincides with 100% Fibonacci extension. Prices are also holding above Ichimoku cloud, showing bullish pressure for prices.