Usdljpylong
USDJPY Daily Key ElementsUSDJPY major levels of resistance:
121.80 (Fibonacci retracement, horizontal swing high resistance)
118.60 (Fibonacci retracement, horizontal pullback resistance)
USDJPY major levels of support:
111.35 (Fibonacci retracement, horizontal pullback support)
USDJPY technical indicators:
RSI (34) is seeing major resistance at the 64% level.
Stochastic (21,5,3) is seeing major resistance at the 95% level where we have seen price react off correspondingly multiple times in the past and has good downside potential since its recent reaction.
