USD/JPY approaching resistance, prepare for a reversal

USD/JPY is approaching its resistance at 109.74 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 107.84 (38.2% Fibonacci retracement).

Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

USD/JPY is approaching its resistance where we expect to see a reversal.

Sell below 109.74. Set stop loss 110.95 and take profit at 107.84.

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