- Edited on October 20, 2021
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Preference
USDJPY is consolidating in a bullish channel. Prices have the potential to experience a short term pullback towards our area of 1st support at 113.798 in line with 127.2% Fibonacci extension and 23.6% Fibonacci retracement.
Alternative Scenario
Prices might climb higher towards our 1st resistance at 115.567 in line with 161.8% Fibonacci projection.