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

2020-03-13T08:11:59

Relevance until2020-03-14

Trading Recommendation

Entry: 106.875

Reason for Entry: 78% Fibonacci extension, 50% fibonacci retracement

Take Profit: 104.603

Reason for Take Profit: Horizontal pullback support

Stop Loss: 103.123

Reason for Stop loss: Horizontal swing low support

*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!