On Monday, the USD/JPY has reached the support of the 38.20% Fibonacci retracement level at 108.44.
In theory, the pair should trade above this level until the resistance of the 55 and 100-hour simple moving averages approach the rate.
US Employment Data
The Bureau of Labor Statistics…
![USD/JPY stands at Fibonacci retracement](https://www.dukascopy.com/fxspider/image/get/imagename/2_nbo_MARKET_RESEARCH.jpg)