USDJPY testing resistance, watch for breakout!
USDJPY is testing our first resistance at 110.492 (horizontal overlap resistance, 61.8% Fibonacci retracement) where it could potentially breakout of this level and rise to our resistance at 111.50 (horizontal swing high resistance, 100% Fibonacci extension, Elliot wave structure, 76.4% Fibonacci retracement).
RSI (89) is also seeing a bullish exit where we might see a corresponding rise in price.
RSI (89) is also seeing a bullish exit where we might see a corresponding rise 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.