ICmarkets
Short

USDJPY Approaching Resistance, Potential Reversal

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is approaching its resistance at 113.08 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse down to its support at 112.62(61.8% Fibonacci retracement , horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
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