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

2019-07-23T04:44:57

Relevance until2019-07-24

USDJPY approaching 1st resistance at 108.11 where a reversal could occur.

Entry :108.11

Why it's good : 50% & 76.4% Fibonacci retracement

61.8% Fibonacci extension

Horizontal overlap resistance

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!