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USDJPY testing major resistance, intermediate correction could o

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Tickmill Broker  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY USD jpy usdjpyshort usdjpylong usdjpyanalysis usdjpydaily usdjpybuy usdjpylongsetup
110
0
trendanalysis harmonicpatterns chartpattern usdjpy usd jpy usdjpyshort usdjpylong usdjpyanalysis usdjpydaily usdjpybuy usdjpylongsetup
USDJPY is now testing major resistance at 111.41 (Fibonacci retracement, horizontal swing high resistance, bearish harmonic formation) and a drop from here could occur pushing price down to at least 110.60 support (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 97% where a corresponding drop could occur.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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