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

2019-07-12T04:39:10

Relevance until2019-07-13

Price is reaching support at 108.592, a drop could occur!

Entry :108.592

Why it's good :

horizontal pullback resistance

61.8% Fibonacci retracement

100% Fibonacci extension

Take Profit : 107.902

Why it's good :

50% Fibonacci retracement

76.4% Fibonacci retracement

61.8% Fibonacci extension

Horizontal overlap 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

Analytical expert

Dean Leo

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