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

2020-04-02T09:47:55

Relevance until2020-04-03

Trading Recommendation

Entry: 107.518

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

Take Profit : 105.059

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

Stop Loss: 108.775

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!