USDJPY approaching resistance, potential for drop|29th June 2021

USDJPY approaching resistance, potential for drop|29th June 2021 for FX:USDJPY by FXCM

USDJPY approaching resistance, potential for drop|29th June 2021



Prices are approaching resistance level in line with horizontal overlap resistance and 38.2% Fibonacci retracement . If prices push down, prices might take support on horizontal overlap support in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . If prices push up, prices might face resistance from 127.2% Fibonacci extension as well as 78.6% Fibonacci retracement . Ichimoku cloud is also above prices, showing a bearish pressure for prices.

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