USD/JPY profit target reached again, prepare to sell - Forex247

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Wednesday, September 14, 2016

USD/JPY profit target reached again, prepare to sell

Price reached our profit target perfectly again. Look to sell below 103.10 major resistance (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance) for a drop all the way to 101.45.

Stochastics (21,3,3) is also seeing major resistance at 87%.

analytics57d8fdcd8ba5a.png

Sell below 103.10. Stop loss is at 103.85. Take profit is at 101.45.

The material has been provided by InstaForex Company - www.instaforex.com

From www.instaforex.com http://ift.tt/2c9TOo4

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