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USDJPY is facing bullish pressure, potential for more upside

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Dolar A.S. / Yen Jepun (FX:USDJPY)  
FXCM Broker  
FX:USDJPY   Dolar A.S. / Yen Jepun
Trend Analysis Harmonic Patterns Chart Patterns USD jpy usdjpylong
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trendanalysis harmonicpatterns chartpattern usd jpy usdjpylong
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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