USD/JPY approaching resistance, potential reversal | 27 May 2020
Price is approaching our resistance in line with our 61.8% fibonacci retracement and 100% fibonacci extension and horizontal pullback resistance where we could see a reversal below this level to our first support level . Cheers!
Note
Sell entry : 107.691Stop Loss: 107.825
Take profit: 107.360
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Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.
Related publications
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.