USDJPY Approaching Resistance, Potential Reversal!
USDJPY is approaching its resistance at 110.83 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 110.18 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Stochastic (55, 5, 3) is approaching its resistance at 96% 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.