USD/JPY profit target reached, remain bearish for a further drop
Price has dropped perfectly from our selling area last week and has reached our profit target. We remain bearish below major resistance at 110.75 (Fibonacci retracement, horizontal pullback resistance) for a further push down towards 111.37 support (Fibonacci extension, Elliott wave theory). Stochastic (21,5,3) continues to see strong a downside pressure for a final push […]