The USDJPY ran into a confluence of Fibonacci levels
The USDJPY stalled at the 50% retracement of the May highs to the August lows. Also, the 78% retracement of the August highs to lows. Then the 161% extension of the last spike lower. This triple confluence near the 108.40 level may allow for a pullback towards the 107.00 level in the week ahead.
Blake Morrow
