FX.co - USD/JPY to test resistance, a bounce is possible!

2019-06-17T02:00:52

Relevance until2019-06-18

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

Entry:109.012

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

Stop Loss : 109.909

Why it's good :76.4% Fibonacci retracement,horizontal swing high resistance

Take Profit : 107.854

Why it's good: horizontal swing low support

USD/JPY to test resistance, a bounce 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 to test resistance, a bounce is possible!