4 hour
The USD/JPY has reached the main -61.8% Fibonacci target and the round level of 110. Price bounced at that support and seems to be breaking through the resistance trend line (red).
1 hour
The USD/JPY made one more lower low within the downtrend but now has made a bullish break above resistance (red). This could be a first signal of a reversal but price still needs to confirm a higher low.
4 hour
1 hour
Origin: Admiral Markets
