USDJPY approaching resistance, potential drop!
USDJPY at 111.69 (horizontal swing high resistance, 78.6% Fibonacci retracement, 161.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 110.79 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is also approaching resistance and seeing a bearish divergence 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 (21,5,3) is also approaching resistance and seeing a bearish divergence 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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