USDJPY Approaching Resistance, Potential Reversal
USDJPY is approaching its resistance at 111.47 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal pullback resistance) where it may reverse down to its support at 110.42 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
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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.