USDJPY, H2
On the H2 timeframe, USDJPY breached below the ascending pattern and retesting its lower border at the 50.00 resistance, aligned with the 161.8 Fibonacci ratio.
- If the price breaks above the 161.8 Fibonacci, it may skyrocket to 151.70 resistance.
- However, rebounding from the 150.00 resistance, will trigger a decline to 149.00.
