Tickmill
Short

USDJPY reversed from resistance, potential drop!

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen

USDJPY reversed off its resistance at 109.852 where it could potentially drop further to 107.898.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.
Hi how is your resistance level at 109.852 determined? I'm also short biased for now and agree 108 level will be first support where retracement could be possible for a bigger down move in medium term.

Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out