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

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Forex Analysis:::2020-07-09T07:00:24

USDJPY facing bearish pressure from resistance, potential reversal

 USDJPY facing bearish pressure from resistance, potential reversal

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

Analyst InstaForex
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