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USDJPY Approaching Resistance, Potential Reversal!

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ICmarkets Broker  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns
90
0
trendanalysis harmonicpatterns chartpattern
USDJPY is approaching its resistance at 110.83 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 110.18 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
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