USDJPY Weekly Outlook - 38.2% Fibo support level to be crossed for correction

W1 price is located above 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish ranging between Fibo support level at 116.13 and Fibo resistance level at 125.85:

• 38.2% Fibo support level at 119.83 is going to be crossed by the price from above to below for the 23.6% Fibo support at 118.43 as the next target;
• RSI indicator is estimating the local downtrend as the secondary correction to be started on open W1 bar by value .

If the price will break Fibo support level at 116.13 so we may see the good possibility to the revesal of the price movement to the primary bearish market condition.
If the price will break Fibo resistance level at 125.85 from below to above so the primary bullish trend will be continuing.
If not so the price will be ranging between the levels.

Trend: