USDJPY Analysis 04.20.20

On the weekly timeframe we are definitely still bearish. But last week closed with slight sellers exhaustion which is important to take note of as we go down to lower timeframes. My overall fib is on the daily timeframe where I see structure the clearest. We are currently retesting 61.8% failing to forma bearish variation to close out the week. The H4 timeframe is still bullish and ideally I am waiting for a break of 107.200 before heading lower!