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FX.co ★ USD/JPY testing major resistance, remain bearish

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Forex Analysis:::2017-02-13T15:44:56

USD/JPY testing major resistance, remain bearish

We remain bearish below the 113.95 resistance (Fibonacci retracement, horizontal resistance) for a drop down to the 112.56 support (Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is seeing strong resistance below the 94% level.

Sell below 113.95. Stop loss at 114.95. Take profit at 112.56.

USD/JPY testing major resistance, remain bearish

Analyst InstaForex
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