Ad Space Available

USDJPY Market Analysis: Hourly Chart Fibonacci Level

Posted on 26th Sep, 2023 | by Yuki Tanaka

USDJPY Is reaching its 161.8% Fibonacci target in the hourly chart. It has a possibility to reach 149 and then reverse. USDJPY exactly reacted to a pullback at 61.8% Fibonacci extension. Now it is going towards 161.8%. The market might go for a short-term trend reversal from that point or can go into range.

Disclaimer:

The content of this article is purely educational purpose does not give any trading advice to Buy or sell securities. All investing and trading in the securities market involve risk. IntraQuotes disclaims any liability for any damages or losses that may arise from using the information in this article. Traders are solely responsible for their own decisions and actions when choosing and trading with any broker. IntraQuotes disclaims any liability for any damages or losses that may arise from using the information in this content.