USDJPY reversed from resistance, potential drop!
Price is approaching 1st resistance at 110.053 in line with Horizontal swing high and 100% Fibonacci extension where it could reverse down to 1st support at 109.120 in line with Horizontal swing low and 61.8% Fibonacci extension. Our bearish bias is further supported by how RSI is approaching resistance where price dropped in the past . Otherwise price may continue to bullish to 2nd resistance at 110.447 in line with 127.2 Fibonacci retracement and 127.2% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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