USDJPY 5 Dec 2023 on the Daily Timeframe, it appears that this pair has decreased after touching the 100.0 Fibo level last month. It has been bearish for quite a long time until today although it has tried to initiate bullish several times but has not succeeded. If this pair continues the bearish trend that occurred and fell through the 61.8 Fibo level, then go-short is still an option for traders. However, if you look at the stochastic indicator, it seems that there has been an oversold which allows this pair to be able to reverse the trend to bullish and strengthen again towards the 100.0 Fibo level. if it really happens then go-long is an option.
