USD/JPY profit target reached perfectly, prepare to sell
December 1, 2017 7:24 am
The price has reached our profit target from previously. We look to sell below major resistance at 112.70 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 110.98 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a strong drop from.
Sell below 112.70. Stop loss is at 113.41. Take profit is at 110.98.
The material has been provided by InstaForex Company – www.instaforex.com
The price has reached our profit target from previously. We look to sell below major resistance at 112.70 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 110.98 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a strong drop from.
Sell below 112.70. Stop loss is at 113.41. Take profit is at 110.98.
The material has been provided by InstaForex Company – www.instaforex.com
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