USDJPY approaching resistance, potential drop!
USDJPY is approaching our first resistance at 107.12 (61.8%, 100% Fibonacci extension, 23.6% Fibonacci retracement). A strong drop might occur below this level, pushing price down to our major support at 106.16 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (21,5,3) is approaching our major resistance and a reaction off this level might be a good precursor of a potential drop in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Stochastic (21,5,3) is approaching our major resistance and a reaction off this level might be a good precursor of a potential drop in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
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