FX.co - USD/JPY near key resistance, we could be seeing a big drop!

2019-05-21T01:37:45

Relevance until2019-05-22

USDJPY near key resistance, a drop to first support is possible

Entry: 110.32

Why it's good : 100% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 111.051

Why it's good :61.8% Fibonacci retracement,horizontal overlap resistance

Take Profit : 109.05

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

*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, we could be seeing a big drop!