FX.co - USD/JPY approaching resistance, possible reversal!

2019-08-26T07:19:57

Relevance until2019-08-27

USDJPY is approaching 1st resistance at 105.59, potential reversal could occur!

Entry :105.587

Why it's good : horizontal pullback resistance

100% Fibonacci extension

50% Fibonacci retracement

Take Profit : 104.397

Why it's good :Horizontal swing low support

USD/JPY approaching resistance, possible reversal!

*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, possible reversal!