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

2019-09-05T04:43:41

Relevance until2019-09-06

USDJPY is approaching 1st resistance at 106.78, potential drop could occur.

Entry :106.78

Why it's good : horizontal swing high resistance

100% &61.8% Fibonacci extension

Take Profit : 105.70

Why it's good :horizontal swing low support

100% Fibonacci extension

38.2% Fibonacci retracement

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

Analytical expert

Dean Leo

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