USD/JPY profit target reached perfectly, prepare to sell

The price has bounced up perfectly from our buying area and reached our profit target. We prepare to sell below major resistance at 109.80 (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a push down to at least 108.66 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is approaching major resistance at 96% where we expect a drop from.

Sell below 109.80. Stop loss is at 110.45. Take profit is at 108.66.


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