USDJPY Testing Resistance, Potential Reversal!
USDJPY is testing its resistance at 112.22 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 111.28 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
Stochastic (55, 5, 3) reversed off its resistance at 97% 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.