USDJPY On the daily chart, USDJPY The uptrend is noticed by the price channel and the nearest support level at 148.113 of the 0.382% Fibonacci retracement. Temporarily, USD/JPY's upside momentum is limited by the upper channel edge, once USD/JPY breaks above the channel it will continue to trend upward towards the 150.739 levels in the short term, more than 151,866. Even if the 0.382% Fibonacci level is not enough to support USD/JPY in the short term, it still has other support slightly lower at 147.113 – 146.424.
Good morning! Sunday is finally here. Time to pre-plan for the new trading week. We will be doing a lot of analysis this week especially on USDJPYGBPUSDEURUSD and GBPJPY which will be posted accordingly. Our XAUUSD trade is still active and following the adaptive analysis posted on Friday.
Have a great Sunday guys! See you all when the market opens.