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FX.co ★ USDJPY facing bearish pressure, potential for further drop

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Forex Analysis:::2020-08-07T04:04:29

USDJPY facing bearish pressure, potential for further drop

USDJPY facing bearish pressure, potential for further drop

Trading Recommendation

Entry: 106.541

Reason for Entry: 61.8% fibonacci retracement and horizontal overlap resistance

Take Profit: 104.274

Reason for Take Profit: Horizontal swing low support

Stop Loss: 107.330

Reason for Stop Loss: Horizontal swing high resistance

Analyst InstaForex
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