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USDJPY Testing Resistance, Potential Reversal!

Oleh ICmarkets
Broker
USDJPY is testing its resistance at 112.14 (100% Fibonacci extension x3, 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where price could reverse back down to its support at 110.43 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Chart PatternsForexforexsignalsHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpyshort
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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