USDJPY making a pullback to resistance!
USDJPY is making a pullback to resistance at 107.70 which is a major 23.6% Fibonacci retracement level along with a horizontal overlap resistance. At the same time, we can see that RSI continues to be pushed down by our descending resistance line. Further bearish momentum could occur from here with our major support at 105.70, a major swing low support and fibonacci extension level.
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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.