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FX.co ★ USD/JPY breakout, possible drop!

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Forex Analysis:::2019-06-21T03:44:20

USD/JPY breakout, possible drop!

USD/JPY breakout, possible drop!

Price has continued to drop nicely.We expect to see a further drop from here.The tumble could continue till it reaches the 100% FIbonacci extension at 106.678.

Entry : 107.832

Why it's good : horizontal pullback resistance,50% Fibonacci retracement, 61.8% Fibonacci extension

Take Profit : 106.678

Why it's good : 100% Fibonacci extension

USD/JPY breakout, possible drop!

Analyst InstaForex
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