FX.co - USDJPY facing bearish pressure from resistance, potential reversal

2020-07-09T07:00:24

Relevance until2020-07-10

Trading Recommendation

Entry: 107.330

Reason for Entry: 23.6% fibonacci retracement and horizontal overlap support

Take Profit: 106.947

Reason for Take Profit: Horizontal swing low support

Stop Loss: 107.503

Reason for Take Profit: Horizontal pullback resistance, 50% fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USDJPY facing bearish pressure from resistance, potential reversal