Get started
ICmarkets

USDJPY Approaching Resistance, Potential Reversal!

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ICmarkets Broker  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY USD jpy usdjpyshort aud CAD chf EUR
104
0
trendanalysis harmonicpatterns chartpattern usdjpy usd jpy usdjpyshort aud cad chf eur
USDJPY approaching resistance at 112.17 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 111.28 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.