FX.co - USD/JPY breakout, possible drop!

2019-06-24T03:08:34

Relevance until2019-06-25

Price has bounced up nicely.We expect to see a further drop from 1st resistance level.

Entry : 107.828

Why it's good : horizontal overlap resistance, 50% Fibonacci retracement, 61.8% & 100% Fibonacci extension

Take Profit : 107.047

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

USD/JPY breakout, possible drop!

*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 breakout, possible drop!