USDJPY analysis for April 8-13

For this pair, we could see that it has approached and hit the "magnet" zone formed by the overlaping of D1 and H1 fibonacci retracements.
I would imagine a continuation of the pull back, and short sells, until the bullish trendline or even fibonacci's 38.2.
After that I would wait for confirmations for the very possible continuation of the bullish trend, with target at the 108.000 area or a bit lower.

Commentaire:

As expected, it has reached the target area by testing the bullish trendline.
A further decrease to fibonacci's 38.2 is possible, however I would not be surprised if it starts to rise from this point at 106.747, targeting higher areas until it reaches the target at the 108.000 area (or near it).