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USDJPY testing resistance, potential drop!

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Dólar Americano/Iene Japonês (FX:USDJPY)  
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FX:USDJPY   Dólar Americano/Iene Japonês
Trend Analysis Harmonic Patterns Chart Patterns USDJPY USD jpy usdjpylong usdjpyshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usdjpy usd jpy usdjpylong usdjpyshort forex forextrading forexsignals
Price is testing our first resistance at 110.83 (horizontal overlap resistance, 78.6% fibonacci retracement, 61.8%, 100% fibonacci extension) and might drop to our major support at 109.94 (horizontal swing low support, 38.2 fibonacci retracement, 61.8%, 100% fibonacci extension).
RSI (89) is also approaching our resistance where we might see a corresponding drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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