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AlexBarclay

USDJPY Support Becomes Resistance

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
AlexBarclay Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Oscillators
6
0
supportandresistance oscillator
As is commonly seen in USDJPY, support becomes resistance. The price has now entered a zone that was previously support, looking for it to hold as resistance.

Also, Stochastic (34, 3, 3) is overbought.
Trade closed: target reached:
+50 pip profit.
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