USDJPY 4 HOUR CHART – Retracement?
As noted yesterday, the sharp Friday-early Monday drop from 146.49-141.64 left little in the way of obvious resistance levels. above the market. This left retracement levels as potential resistance.
In this regard, the move up has so far paused below the 61.8% FIBO,(see below) which if broken would shift the risk back to 145 and Friday’s high.
Otherwise, it looks like 142-145.
USING OUR FIBONACCI CALCULATOR
