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FX.co ★ USD/JPY profit target reached again, prepare to sell

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Forex Analysis:::2016-09-14T07:36:06

USD/JPY profit target reached again, prepare to sell

Price reached our profit target perfectly again. Look to sell below 103.10 major resistance (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance) for a drop all the way to 101.45.

Stochastics (21,3,3) is also seeing major resistance at 87%.

USD/JPY profit target reached again, prepare to sell

Sell below 103.10. Stop loss is at 103.85. Take profit is at 101.45.

Analyst InstaForex
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