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ICmarkets
Feb 14, 2019 2:39 AM

USDJPY Approaching Resistance, Potential Reversal Short

U.S. Dollar/Japanese YenFXCM

Description

USDJPY is approaching its resistance at 111.47 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal pullback resistance) where it may reverse down to its support at 110.42 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
Comments
Boon2
USDJPY M15 Bearish Running Flat, Checkout the idea detail's and update's for the complete picture.
Johanes
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