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

2019-05-31T02:12:10

Relevance until2019-06-01

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

Entry: 109.802

Why it's good : 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance

Stop Loss : 110.67

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

Take Profit : 108.63

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

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!