USDJPY is facing bullish pressure, potential for more upside

USDJPY is facing bullish pressure, potential for more upside for FX:USDJPY by FXCM

USDJPY is facing bullish pressure, potential for more upside



USDJPY is facing bullish pressure and might bounce from pivot which coincides with 127.2% Fibonacci extension as well as 50% Fibonacci retracement . Prices might take a bounce towards 1st resistance which coincides with 100% Fibonacci extension as well as -27.2% Fibonacci retracement . If prices fall through pivot level, it might take support at 1st support which coincides with 100% Fibonacci extension . EMA is also below prices, suggesting bullish pressure for prices.

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