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

2019-08-23T04:10:39

Relevance until2019-08-24

USDJPY is approaching 1st resistance at 106.77, potential drop could occur!

Entry :106.77

Why it's good : horizontal pullback resistance

61.8% Fibonacci extension

38.2% Fibonacci retracement

Take Profit : 106.12

Why it's good :38.2% Fibonacci retracement

Horizontal swing low support

USD/JPY approaching 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 approaching resistance, further drop!