USDJPY approaching resistance, potential drop!
USDJPY is approaching our first resistance at 109.75 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where price might potentially drop to its support at 108.95 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (21,5,3) is also approaching its major resistance and a reaction off this level might see a corresponding drop in price
Stochastic (21,5,3) is also approaching its major resistance and a reaction off this level might see a corresponding drop in price
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.