USDJPY approaching resistance, potential drop!
USDJPY is approaching our first resistance at 109.75 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where price might potentially drop to its support at 108.95 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (21,5,3) is also approaching its major resistance and a reaction off this level might see a corresponding drop in price
Stochastic (21,5,3) is also approaching its major resistance and a reaction off this level might see a corresponding drop in price
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