USDJPY, Daily
On the Daily, USDJPY rebounds from the crucial resistance zone at 148.40, aligned with the golden Fibonacci ratio. The price exceeded the upper Bollinger Band and subsequently retraced. The RSI and MFI indicate oversold conditions, signaling potential intense bullish pressure.
- If USDJPY fails to surpass the 148.40 support, it will trigger a rise to 153.50;
- Conversely, a breaching below the golden Fibonacci will continue a decline to 140.50.
