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

2019-09-03T07:02:05

Relevance until2019-09-04

USDJPY is approaching intermediate resistance at 106.41, potential drop could occur.

Entry :106.41

Why it's good : 61.8% Fibonacci extension

100% Fibonacci extension

Horizontal swing high resistance

Take Profit : 105.91

Why it's good :horizontal swing low support

100% Fibonacci extension

61.8% Fibonacci retracement

USD/JPY approaching intermediate resistance, potential 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 intermediate resistance, potential drop!