ICmarkets

USDJPY Approaching Resistance, Potential Reversal!

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY approaching resistance at 113.00 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 111.77 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching resistance at 96% where a corresponding drop could occur.

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