USDJPY reversed off resistance, could possibly drop
Price is reversed off its 1st resistance (61.8% Fibonacci extension, horizontal pullback resistance, 23.6% Fibonacci retracement) where it is expected to reverse down to its support (horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.