USDJPY approaching resistance, potential drop!
USDJPY is approaching our first resistance at 112.19 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback resistance) where price might drop to its support at 111.25 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55, 5, 3) is approaching its resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
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