easyMarkets
Short

USDJPY approaching resistance, potential drop!

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is approaching our first resistance at 111.38 (horizontal pullback resistance, 61.8% fiboancci extension, 23.6% fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 109.75 (horizontal pullback support, 100% fiboancci extension).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library 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