The situation on the USDJPY market. The previous day is behind us, but the information it provided remains important for me today. Based on it, entry points are determined. Using the Fibonacci grid set at HIGH-145.512, which corresponds to the 100 level (145.512). The lower part of the Fibonacci 0 level (144.094) aligns with LOW-144.094. Everything is ready to conduct technical analysis to make a trading decision. The current price position of 143.806 falls within the Fibonacci zone from -50 (143.385) to 0 (144.094). This contributes to a bearish setup, as breaking below the previous Daily low emphasizes the strength of the sellers. When returning to the upper part of the range at 0 (144.094), which acts as strong resistance, I will sell. Strong resistance levels at -23.6 (143.759) and -38.2 (143.552) serve as assistants in selling, allowing entry on rebounds or breakouts, whichever occurs. I will take my daily profit at the -76.4 level (143.011).
