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    USD/JPY: Fibonacci levels analysis on 01.07.2015

    Price may grow to 123.35-123.40.

    On the four-hour chart, the price bounced off the important support level 122.00 and is rising towards 122.86 (23.6% correction level of the short-term trend). The level 122.86 is seen the key level, its breakout may lead to the growth to 123.35-123.40, which is the strong resistance level, because correction levels of the short-term and medium-term trends are matching there (38.2% and 23.6%, respectively). 

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