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

2020-01-20T09:22:06

Relevance until2020-01-21

Trading Recommendation

Entry: 110.855

Reason for Entry: horizontal overlap resistance, 100% fibonacci extension, 78.6% fibonacci retracement

Take Profit : 109.724

Reason for Take Profit:

38.2% Fibonacci retracement, Horizontal pullback support

Stop Loss: 111.719

Reason for Stop loss:

horizontal swing high resistance

*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!