USDJPY approaching resistance, potential drop!

9 ก.ค. 2018

USDJPY is approaching our first resistance at 111.13 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 109.12 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (89,5,3) is approaching resistance we might see a corresponding drop in price.
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