Type:

Bullish Rise

Pivot: 109.357

Support: 109.105

Resistance: 110.173

Preference:

USDJPY is hovering around our pivot at 109.357 at 100% Fibonacci retracement. Price could potentially rebound and climb to our area of resistance at 110.173 in line with 161.8% Fibonacci extension and graphical swing high.

Alternative Scenario:

Alternatively, Price Could Dip To Our Support At 109.105 In Line With 127.2% Fibonacci Extension.