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

2019-08-08T06:07:24

Relevance until2019-08-09

USDJPY is reversing off intermediate support at 106.29 where we are expecting a further drop below this level.

Entry :106.29

Why it's good : horizontal overlap support

Take Profit : 105.83

Why it's good : 61.8% Fibonacci extension

Horizontal overlap support

USD/JPY reversing off intermediate 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 reversing off intermediate resistance, further drop !