USDJPY

Have been watching this pair these past few days, just wanted to share this as it makes me happy/excited to see when pairs are consistent with fib levels. This ABCD pattern forming (still in the process) is a beautiful example of how the mark retraced back to the 61.8% retracement level and then the market rolled over. I do believe that this will reach back eventually to the 109.5 levels for a swing trade to retest the support before any long term bull trades may be entered. If we do reach this level it will be interesting to see this reach back to its resistance level which it has not been able to break for months now. Going to continue watching this closely.