USDJPY approaching resistance, potential drop!

30 окт. 2018 г.

USDJPY is approaching our first resistance at 112.68 (horizontal swing high resistance, 100%, Fibonacci extension, 78.6%, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 111.87 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
RSI (55) is also approaching resistance and we might see a corresponding drop in price below this level.
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