USDJPY is approaching 1st resistance at 106.78, potential drop could occur.
Entry :106.78
Why it’s good : horizontal swing high resistance
100% &61.8% Fibonacci extension
Take Profit : 105.70
Why it’s good :horizontal swing low support
100% Fibonacci extension
38.2% Fibonacci retracement
USDJPY is approaching 1st resistance at 0.9805, potential drop could occur!
Entry :0.9805
Why it's good : horizontal pullback resistance
100% Fibonacci extension
50% Fibonacci retracement
Take Profit : 0.9692
Why it's good : 78.6% Fibonacci retracement
100% Fibonacci extension
Horizontal swing low support
USDJPY is approaching our first resistance at 112.12 (horizontal swing high resistance, 76.4% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 111.35 (61.8% Fibonacci retracement ).
Stochastic is also approaching 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.
USDJPY is approaching our first resistance at 112.12 (horizontal swing high resistance, 76.4% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 111.35 (61.8% Fibonacci retracement ).
Stochastic is also approaching 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.
USDJPY is approaching our first resistance at 112.16 (78.6% Fibonacci retracement , 61.8% Fibonacci extension , horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 111.38 (61.8% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching resistance and 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.
