USD/JPY: Fibonacci analysis

Forex analytics: The pair might continue moving down.On the 4-hour chart, after a sharp decline, the price broke down the level of 121.36 (23.6% correction) and might continue declining to the levels of 120.70 (0.0% correction) and 120.40 (61.8% correction for the medium-term trend). The price would start moving up after the consolidation above the level of 121.36. In this case, targets would be the levels of ...