ICmarkets
Short

USDJPY Approaching Resistance, Potential Reversal

FX:USDJPY   U.S. Dollar / Japanese Yen
SDJPY is approaching its resistance at 109.74 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it may reverse down to its support at 107.84 (38.2% Fibonacci retracement ).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal may occur.
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