USDJPY Approaching Resistance, Potential Reversal!
USDJPY is approaching its resistance at 109.14 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 108.77 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 87% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching its resistance at 87% where a corresponding bounce could occur.
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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.