VIDEO

Prepare To Sell USDJPY

USDJPY
Selling
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English

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1 year

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The price is approaching major resistance at 110.88 (Fibonacci Retracement, horizontal overlap resistance) and we expect to see a bearish reaction off this level for a drop to at least 109.67 support (Fibonacci retracement, horizontal overlap support). Stochastic (8,5,3) is reversing nicely below our 97% resistance level and we expect to see a corresponding drop in price from here. Sell below 110.88. Stop loss is at 111.44. Take profit is at 109.67.

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