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USDJPY Approaching Resistance, Potential For A Reversal!

Oleh ICmarkets
Broker
USDJPY is approaching its resistance at 112.19 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance) where a reversal could occur, causing price to fall to its support at 111.25 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 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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