USDJPY is approaching resistance, potential drop!
USDJPY is approaching our first resistance at 109.73 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 108.30 (horizontal swing low support, 23.6% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also seeing a bearish divergence and is reacting off our major resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also seeing a bearish divergence and is reacting off our major resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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Come join us today at : easymarkets.com/
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