ICmarkets
Short

USDJPY Approaching Resistance, Potential Reversal

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is approaching its resistance at 111.34 (100% Fibonacci extension , 76.4% Fibonacci retracement , horizontal pullback resistance) where it may reverse down to its support at 109.63 (50% Fibonacci retracement , 100% fibonacci extension , horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
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