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FX.co ★ USD/JPY approaching resistance, possible drop!

USD/JPY approaching resistance, possible drop!

USD/JPY approaching resistance, possible drop!

Price is reaching resistance at 108.123, a drop could occur!

Entry :108.123

Why it's good : horizontal pullback resistance

61.8% Fibonacci extension

61.8% Fibonacci retracement

Take Profit : 107.573

Why it's good :100% Fibonacci extension

50% Fibonacci retracment

horizontal swing low support

USD/JPY approaching resistance, possible drop!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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