USDJPY approaching resistance, potential drop!

١٢ سبتمبر ٢٠١٨

USDJPY is approaching our first resistance at 111.64 (horizontal swing high resistance, descending resistance line, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 110.91 (horizontal overlap support, 61.8% Fibonacci extension). Stochastic (55,5,3) is approaching resistance where we might see a corresponding drop in price.
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