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USDJPY making a pullback to resistance!

Di ICmarkets
Broker
USDJPY is making a pullback to resistance at 107.70 which is a major 23.6% Fibonacci retracement level along with a horizontal overlap resistance. At the same time, we can see that RSI continues to be pushed down by our descending resistance line. Further bearish momentum could occur from here with our major support at 105.70, a major swing low support and fibonacci extension level.
Bitcoin (Cryptocurrency)Chart PatternsCryptocurrencyForexforexsignalsHarmonic 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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