USD/JPY approaching resistance, potential reversal | 27 May 2020

Name: USD/JPY approaching resistance, potential reversal | 27 May 2020
Uploaded: 2020-05-27T02:28:49.177032
Channel: FXCM
Description: Price is approaching our resistance in line with our 61.8% fibonacci retracement and 100% fibonacci extension and horizontal pullback resistance where we could see a reversal below this level to our first support level. Cheers!

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

Trend Analysis Harmonic Patterns Chart Patterns USDJPY USD jpy

trendanalysis harmonicpatterns chartpattern usdjpy usd jpy

Price is approaching our resistance in line with our 61.8% fibonacci retracement and 100% fibonacci extension and horizontal pullback resistance where we could see a reversal below this level to our first support level. Cheers!

Comment:

Sell entry : 107.691
Stop Loss: 107.825
Take profit: 107.360

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