OverviewThe USD/JPY pair has been fluctuating sideways in a tight range since yesterday. According to the chart, the price draws bullish pattern, which signs appear…
We prepare to sell below major resistance at 1.0711 (Fibonacci retracement, horizontal overlap resistance) for a push down to 1.0525 support (Fibonacci retracement, recent swing low support).
RSI (34) is approaching strong resistance at 60% where we expect to see a corresponding drop in the price too.
Sell below 1.0711. Stop loss is at 1.0762. Take profit is at 1.0525.
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