Japanese Yen has bounce from current support and can increased

Hello traders, I want share with you my opinion about Japanese Yen. Looking at the graph, we see how the Japanese yen fell to the level 129.65, after which it changed direction and began to rise. For a long time, the price moved up, reached the level 133.80 and created a resistance area from which it began to fall. Thus, the local uptrend was completed and began a downward trend. Ethereum continued to decline and recently reached support level 131.30, which was retested. The price is currently trading above the current support level and can continue to rise. I think the price can reach the resistance line, so the targets for USD/JPY I set at level131.85, which corresponds to the Fibonacci level 0.236, and at level 132.25, which coincide with the resistance line and corresponds to the Fibonacci level 0.382. Possible this a correctional movement and in the future the price may continue to decline, so I will update this idea for you as soon as the market situation changes. Please share this idea with your friends and click Boost 🚀