USDJPY

Analyzing the USDJPY 2 hour chart shows that the market closed at 107.636, breaking its resistance at 107.587 (Fib level 50%). With the Aroon up and down showing signs of further consolidation and a probable upswing to around 107.728 (Fib level 0.236), there is a possibility that the price might retrace at around 107.61 (Fib level 38.2%) and find support at around 107.526 (Fib level 61.8%).