USDJPY is facing bullish pressure, potential for more upside
USDJPY is facing bullish pressure and might bounce from pivot which coincides with 127.2% Fibonacci extension as well as 50% Fibonacci retracement. Prices might take a bounce towards 1st resistance which coincides with 100% Fibonacci extension as well as -27.2% Fibonacci retracement. If prices fall through pivot level, it might take support at 1st support which coincides with 100% Fibonacci extension. EMA is also below prices, suggesting bullish pressure for prices.
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