USD/JPY is Exactly at the POC Zone

The USD/JPY has formed the zone exactly at 61.8 fib and W H3 resistance. The POC zone 110.80-111.00 might reject the price towards 110.15 and 109.77. A solid break below 109.75 should target 109.17. A close above 110.45 will negate this scenario.

• W L3 – Weekly Camarilla Pivot (Weekly Interim Support)
• W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
• W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
• M H4 – Monthly Camarilla Pivot (Very Strong Monthly Resistance)
• M L3 – Monthly Camarilla Pivot (Monthly Support)
• M L4 – Monthly H4 Camarilla (Very Strong Monthly Support)
• POC – Point Of Confluence (The zone where we expect the price to react aka entry zone)

Best wishes,

Nenad

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