USDJPY H4 Potential Bounce | 28th Feb 2022

On the H4, with price moving above the ichimoku cloud , we can expect bullish continuation from our entry at 115.096 in line with 50% Fibonacci retracement towards our take profit at 116.171 which is a strong resistance and in line with 78.6% Fibonacci retracement . Alternatively, price may our entry structure and head for stop loss, which coincides with the horizontal swing low support at 114.570.