USD/JPY reacting nicely off our selling area, remain bearish
Price has rose and reacted off our selling area as expected. We remain bearish below major resistance at 114.32 (Fibonacci extension, horizontal swing high resistance, bearish divergence) and we expect to see a strong reaction from this level to push price down to at least 111.77 support (Fibonacci retracement, horizontal overlap support). Stochastic (55,5,3) is […]