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U.S. Dollar / Japanese Yen
Long

USDJPY Testing Its Resistance, Potential Breakout!

920
USDJPY is testing its resistance at 110.63 (100% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where if broken, a further move up to its next resistance at 111.14 (100% Fibonacci extension, 100% Fibonacci extension, horizontal swing high resistance) could occur.
Stochastic (89, 5, 3) still has a lot of upside potential.
ICmarkets
Broker
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.
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Chart PatternsForexforexsignalsHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpylong

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Chart PatternsForexforexsignalsHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpylong
ICmarkets
Broker
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.
Also on:

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.