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USDJPY approaching strong resistance, watch for the reaction!

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
easyMarkets Broker  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY USD jpy Forex ｆｘ aud GBP EUR CAD
65
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trendanalysis harmonicpatterns chartpattern usdjpy usd jpy forex ｆｘ aud gbp eur cad
USDJPY is approaching strong resistance at 110.61 (Fibonacci extension, horizontal pullback resistance, Fibonacci retracement, Elliott wave structure) and a strong reaction could occur at that level push price all the way down to major support at 109.38 (Fibonacci retracement).
Stochastic (55,5,3) is seeing major resistance below 97% where a corresponding reaction could occur.

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