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

USD/JPY is approaching its resistance at 113.08 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 112.62(61.8% Fibonacci retracement, horizontal pullback support).

Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

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

Sell below 113.08. Stop loss 113.32. Take profit at 112.62.