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USDJPY approaching 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 forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usdjpy usd jpy usdjpylong usdjpyshort forextrading forexsignals
USDJPY is approaching our first resistance at 111.42 (horizontal overlap resistance, 50%, 61.8% Fibonacci retracement) and price might drop to our major support at 108.12 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (89,5,3) 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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