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USDJPY reversed off resistance, could possibly drop

Oleh Tickmill
Broker

USDJPY reversed off our first resistance at 110.69 (100% Fibonacci extension,78.6% &50% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 109.485(horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement).
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Chart PatternsforexsignalsHarmonic PatternsjpyTrend AnalysisUSDUSDJPY
Tickmill
Broker
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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