USDJPY facing bearish pressure from resistance, potential for further drop

Trading Recommendation Entry: 107.404 Reason for Entry: 50% fibonacci retracement, horizontal swing high resistance and 78.6% fibonacci extension Take Profit: 106.684 Reason for Take Profit: 76.4% fibonacci retracement, horizontal overlap support Stop Loss: 107.736 Reason for Take Profit: Horizontal swing high resistance, 100% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com […]