USD/JPY reacting off our selling area, remain bearish
Price has reached our selling area and reacted off it. We remain bearish below major resistance at 111.37 (Fibonacci retracement, horizontal resistance, Fibonacci extension) and we expect a reaction below this level for a drop to at least 109.41 support (Fibonacci retracement, horizontal overlap support, price gap). Stochastic (34,5,3) is seeing major resistance at 91% […]