USDJPY is approaching our first resistance at 111.63 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100%, 161.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 110.91 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (89,5,3) is also approaching resistance...
USDJPY is approaching our first resistance at 111.87 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 111.43 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance...
