ICmarkets
Short

USDJPY Approaching Resistance, Potential Reversal

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is approaching its resistance at 112.23 (100% & 61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially to reverse down to its support at 110.86 (horizontal overlap support).
Stochastic (34, 5, 3) is approaching its resistance at 97% where a corresponding reversal may occur.
Get real-time trading updates at our official Telegram group : https://t.me/ICMarketsroom
I suspect a double top then a continuation on the down move
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out