FX.co ★ USD/JPY approaching major resistance, remain bearish

We remain bearish below major resistance at 103.40 (Fibonacci retracement, horizontal overlap resistance, channel resistance) for a push down to 103.35.

Stochastics (34,5,3) is also at major resistance at 96%.

Sell below 105.40. Stop loss at 106.52. Take profit at 103.35.