FX.co - USD/JPY reversing off 1st resistance, further bounce!

2019-08-14T04:27:07

Relevance until2019-08-15

USDJPY is reversing off 1st resistance at 106.71, further drop could occur!

Entry :106.71

Why it's good : 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance

Take Profit : 105.08

Why it's good : Horizontal swing low support

USD/JPY reversing off 1st resistance, further bounce!

*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 1st resistance, further bounce!