USDJPY is reversing from swing high, where we could see a reversal at Pivot, in line with 38.2% Fibonacci retracement, 50% Fibonacci extension and horizontal pullback resistance. We could see a further drop towards 1st Support, in line with 100% Fibonacci extension and horizontal pullback support. RSI is also holding below descending trendline resistance.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-reversing-from-swing-high-potential-pullback"
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