USDJPY testing its resistance, potential reversal!USDJPY is testing its resistance at 109.27 (Long term 61.8% Fibonacci extension, 50% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 108.47 (38.2% Fibonacci retracement, horizontal overlap support). If it breaks past this level, it could drop to the next support at 107.94 (100% Fibonacci extension, 38.2% Fibonacci retracement, 61.8% Fibonacci retracement).
Stochastic (55, 5, 3) is testing its resistance at 99% where a corresponding reaction is expected.
