FX.co - USD/JPY reversed off 1st resistance, further drop!

2019-07-30T04:09:30

Relevance until2019-07-31

USDJPY reversed off 1st resistance at 108.956, further drop could occur!

Entry :108.956

Why it's good : horizontal swing high resistance

100% Fibonacci extension

Take Profit : 108.365

Why it's good : 38.2% Fibonacci retracement

61.8% Fibonacci extension

Horizontal pullback support

USD/JPY reversed off 1st 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 reversed off 1st resistance, further drop!