USDJPY testing resistance, watch for breakout!
USDJPY is testing our first resistance at 110.492 (horizontal overlap resistance, 61.8% Fibonacci retracement) where it could potentially breakout of this level and rise to our resistance at 111.50 (horizontal swing high resistance, 100% Fibonacci extension, Elliot wave structure, 76.4% Fibonacci retracement).
RSI (89) is also seeing a bullish exit where we might see a corresponding rise in price.
RSI (89) is also seeing a bullish exit where we might see a corresponding rise in price.
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