USDJPY: Golden Fibonacci Ratio

USDJPY, H4

USDJPY is declining, facing the crucial 152.50 zone, aligned with the golden Fibonacci ratio.

The RSI shows an oversold conditions, however, the 100-MA crosses the 200-MA, forming a death cross formation.

If the price bounces from the 152.50 support, it may propel the asset to 155.00.
However, breaching below the 152.50 support will trigger a decline toward the 149.00 level.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul

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