USD/JPY profit target reached perfectly, prepare to sell

The price has shot up and reached our profit target. We look to sell below 113.20 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 112.04 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,3,1) is seeing major resistance at 97% where we expect a corresponding drop from.

Sell below 113.20. Stop loss is at 113.61. Take profit is at 112.04.


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