FX.co - USD/JPY approaching 1st resistance, further drop expected!

2020-04-01T08:12:53

Relevance until2020-04-02

Trading Recommendation

Entry: 108.817

Reason for Entry: Horizontal swing high resistance, EMA(34)

Take Profit : 105.185

Reason for Take Profit: Graphical swing low, 78.6% Fibonacci extension

Stop Loss: 111.792

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 1st resistance, further drop expected!