USD/JPY is forming a nice reversal pattern, remain bearish
The price has started to form a nice reversal pattern at our selling area. We remain bearish looking to sell at the major resistance of 113.06 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, bearish divergence) and expect a drop towards at least 110.97 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major […]