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

2019-07-22T04:55:02

Relevance until2019-07-23

USDJPY approaching 1st resistance at 108.1 where a reversal could occur.

Entry :108.10

Why it's good : horizontal swing high resistance, 61.8% Fibonacci extension, 50% & 76.4% Fibonacci retracement

Take Profit : 107.80

Why it's good : 38.2% Fibonacci retracement, horizontal overlap support

USD/JPY approaching resistance, potential 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, potential drop!