FX.co - USDJPY broke support-turned-resistance, further drop!

2019-07-18T03:54:02

Relevance until2019-07-19

USDJPY broke support-turned-resistance at 107.81, further drop could occur!

Entry :107.81

Why it's good :

23.6% Fibonacci retracement

38.2% Fibonacci retracement

61.8% Fibonacci extension*2

horizontal pullback resistance

Take Profit : 107.57

Why it's good :

100% Fibonacci extension

horizontal swing low support

USDJPY broke support-turned-resistance, further 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 ★ USDJPY broke support-turned-resistance, further drop!