USD/JPY OK with Fibo + Pivot copy

148.325 Break Long
147.776 Break Short
USD/JPY 1-hour chart

Was it good to wait at 148.0?

Fibonacci and pivots are working, huh~

148.325 is Fibonacci 0.236
148.904 is Fibonacci 0.382
148.521 is Fibonacci 0.5 (half retracement)
Yesterday's pivot line was 147.861


Yesterday the US Dollar/Yen was targeting pullbacks,
and it just rallied around a turning point after ranging
What about today?

Looking at the 15-minute chart


At 5 AM there is a small range with low volatility


When viewed on the daily chart

Within a large retracement resistance zone from a big decline, but the short-term GMMAs are pointing up
Slowly forming a cup, perhaps...
On the daily chart, a pullback could target 147.0 and 145.5 as well

Today feels like Tokyo noon values might rise...?
From a short-term perspective


We also consider the possibility of a rise after the U.S. non-farm payrolls data rebounds
Risks include a move toward around 147.5 (half retracement) and a sharp drop due to Middle East tensions

Although we are bullish, given the morning position setup


There is a large long position around 148.4, so a pullback near this area could be expected

Today's pivot lines, technical analysis, and option conditions will be communicated via the news