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U.S. Dollar / Japanese Yen
Short

USDJPY Approaching Resistance, Potential Reversal!

By ICmarkets
Broker
USDJPY is approaching its resistance at 109.14 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 108.77 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 87% where a corresponding bounce could occur.
Chart PatternsHarmonic PatternsTrend Analysis
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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