FX.co - USD/JPY reverse off resistance, further drop!

2019-07-26T04:20:26

Relevance until2019-07-27

USDJPY reversing off 1st resistance at 108.75 where a reversal could occur.

Entry :108.75

Why it's good : horizontal swing high resistance

61.8% Fibonacci extension

100% Fibonacci extension

78.6% Fibonacci retracement

Take Profit : 108.36

Why it's good : 23.6% Fibonacci retracement

Horizontal swing low support

USD/JPY reverse off 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 ★ USD/JPY reverse off resistance, further drop!