Good morning community,
Here is my studies about the USD/JPY. In this right moment this pair mark: 121.46
Trend: upside
Next open market day range: 120.22 - 121.74
Next resistance: 121.74
H4 Fibonacci retracement
61,8% - 119.46
38,2% - 120.22
On D1 timeframe scenario we have two clear channels
Channel 1 range: 121.66 - 125.30
Channel 2 range: 118.44 - 121.66
In my opinion, Channel 1 is out of the question for this month contest purpose.
Good luck to everyone!