USDJPY lost all gains from the high level on Friday and currently trading at 117.84 with negative movement of 0.19%. Technically now according to Fibonacci retracement range between 116.69 to 118.37, USDJPY having a strong resistance at 118.40 at 0% level of Fibonacci while support at 117.30 at 50% of Fibonacci level. USDJPY traders advise to sell the currency pair below 117.30 with the stop loss of 118.40 and again wait for the target price of 116.20. IF USDJPY sustain above 118.40 then it will move up to till 120.00 level in coming session.
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