Tickmill
Short

USDJPY reversed off resistance, could possibly drop

FX:USDJPY   U.S. Dollar / Japanese Yen

Price is reversed off its 1st resistance (61.8% Fibonacci extension , horizontal pullback resistance, 23.6% Fibonacci retracement ) where it is expected to reverse down to its support (horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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This analysis is provided as general market commentary and does not constitute investment advice.
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