FX.co - USD/JPY near key resistance, a drop is possible!

2019-05-14T02:02:15

Relevance until2019-05-15

USDJPY near key resistance, a drop to 1st support is possible

Entry:110.012

Why it's good :61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 110.934

Why it's good :50% fibonacci retracement, horizontal overlap resistance

Take Profit : 109.047

Why it's good: 100% Fibonacci extension, horizontal swing low support

USD/JPY near key resistance, a drop is possible!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USD/JPY near key resistance, a drop is possible!