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

USD/JPY approaching resistance, potential drop!

USD/JPY approaching resistance, potential drop!

USDJPY is approaching 1st resistance at 0.9805, potential drop could occur!

Entry :0.9805

Why it's good : horizontal pullback resistance

100% Fibonacci extension

50% Fibonacci retracement

Take Profit : 0.9692

Why it's good : 78.6% Fibonacci retracement

100% Fibonacci extension

Horizontal swing low 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
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