USDJPY major levels of resistance:
121.80 (Fibonacci retracement, horizontal swing high resistance)
118.60 (Fibonacci retracement, horizontal pullback resistance)
USDJPY major levels of support:
111.35 (Fibonacci retracement, horizontal pullback support)
USDJPY technical indicators:
RSI (34) is seeing major resistance at the 64% level.
Stochastic (21,5,3) is seeing major resistance at the 95% level where we have seen price react off correspondingly multiple times in the past and has good downside potential since its recent reaction.
121.80 (Fibonacci retracement, horizontal swing high resistance)
118.60 (Fibonacci retracement, horizontal pullback resistance)
USDJPY major levels of support:
111.35 (Fibonacci retracement, horizontal pullback support)
USDJPY technical indicators:
RSI (34) is seeing major resistance at the 64% level.
Stochastic (21,5,3) is seeing major resistance at the 95% level where we have seen price react off correspondingly multiple times in the past and has good downside potential since its recent reaction.
