FX.co ★ USD/JPY Approaching Resistance, Prepare For A Reversal

USD/JPY is approaching its resistance at 113.82 (61.8% Fibonacci extension, 76.4% Fibonacci retracement) where it is expected to reverse down to its support at 113.08 (61.8% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.

USD/JPY is approaching its resistance where we expect to see a reversal.

Sell below 113.82. Stop loss 114.24. Take profit at 113.08.