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

2019-05-23T02:19:50

Relevance until2019-05-24

USDJPY reversed off resistance, a drop to first support is possible

Entry: 110.687

Why it's good : 100% Fibonacci extension, 78.6% & 50% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 111.079

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

Take Profit : 109.485

Why it's good: 61.8% Fibonacci extension, horizontal swing low support. 76.4% Fibonacci retracement

USD/JPY reversed off 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 reversed off key resistance, a drop is possible!