FXCM

USDJPY reversing from Sell Entry | 22nd June 2021

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is reversing from Sell Entry, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension , where we could see further downside towards our Take Profit level, in line with 38.2% Fibonacci retracement and horizontal pullback support. Stochastics is also testing the resistance where price has reversed from before, showing potential bearish pressure in line with our analysis.

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