USDJPY Reversed Off Resistance, Prepare For Further Drop
USDJPY reversed off its resistance at 111.14 (61.8% Fibonacci extension 50% Fibonacci retracement , horizontal siwng high resistance) where it is expected to drop further to its support at 110.07 (78.6 Fibonacci retracement , 100% Fibonacci extension , horizontal swing low support).
Stochastic (21, 5, 3) reversed off its resistance where a corresponding drop is expected.
Stochastic (21, 5, 3) reversed off its resistance where a corresponding drop is expected.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.