USDJPY reversed nicely off resistance!
USDJPY reversed nicely off its resistance at 110.90 (100% Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) where price could fall to its support at 109.53 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where it still has a lot of downside potential. We have also identified a bearish divergence with price which contributes to our bearish bias.
Stochastic (55, 5, 3) is approaching its resistance at 97% where it still has a lot of downside potential. We have also identified a bearish divergence with price which contributes to our bearish bias.
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