USDJPY Reversed Off Resistance, Further Move Down!
USDJPY reversed nicely off its resistance at 110.69 (100% Fibonacci extension x2, horizontal swing high resistance) where we see it retracing back to before making a further move back down to its support at 109.70 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its intermediate resistance at 90% where a corresponding drop could occur.
Stochastic (55, 5, 3) reversed off its intermediate resistance at 90% where a corresponding drop could occur.
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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.