After reaching the resistance of a pivot point at 107.47, the USD/JPY began a decline.
By the middle of Friday's GMT trading hours, the USD/JPY had reached below the support of a Fibonacci retracement level at 106.86 and no longer had any technical support as low as 106.56.
Economic Calendar
USD/JPY short-term daily review
At mid-day on Friday, the GBP/USD passed the support of a 38.20% Fibonacci retracement level at the 106.86 level. Due to this development the pair had no support as low as a monthly pivot point at the 106.56 level.Hourly Chart
On Friday, on the Swiss Foreign Exchange 54% of open position volume was in long position.
Meanwhile, 56% of set up pending trade orders in a 100-pip range around the exchange rate were set to buy.