USDJPY approaching resistance, potential drop!
USDJPY is approaching our first resistance at 111.38 (horizontal pullback resistance, 61.8% fiboancci extension, 23.6% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 109.75 (horizontal pullback support, 100% fiboancci extension).
Stochastic (21,5,3) 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.
Stochastic (21,5,3) 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.
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