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U.S. Dollar / Japanese Yen
Short

USDJPY Approaching Resistance, Potential Reversal

3 204
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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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.