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U.S. Dollar / Japanese Yen
Short

USDJPY Approaching Resistance, Potential Reversal

1 707
SDJPY is approaching its resistance at 109.74 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it may reverse down to its support at 107.84 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal may occur.
ICmarkets
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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 PatternsForexforexsignalforextradingHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpylongusdjpyshort

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Chart PatternsForexforexsignalforextradingHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpylongusdjpyshort
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.