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USDJPY Approaching Resistance, Potential Reversal

Oleh ICmarkets
Broker
USDJPY is approaching its resistance at 112.23 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially to reverse down to its support at 110.86 (horizontal overlap support).
Stochastic (34, 5, 3) is approaching its resistance at 97% where a corresponding reversal may occur.
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.
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