Get started
U.S. Dollar / Japanese Yen
Short

USDJPY Reversed Off Resistance, Prepare For Further Drop

By Tickmill
Broker
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.
Chart PatternsHarmonic PatternsjpyTrend AnalysisUSDUSDJPY
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Also on:

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.