USD/JPY fast approaching Key Resistance at 97.50
With 161.8% Fibonacci Extension and previous support level at 97.50 fast approaching, yesterday's rally on the pair could be limited around the region.
As such potential to short the pullback is a potential trade today.
Entry around 97.50-97.60 with stops slightly above 98.00 round handle.
Target around 96.50 which was the recent congestion area. (Target is subject to change once a rejection at 97.50 has been confirmed)
As such potential to short the pullback is a potential trade today.
Entry around 97.50-97.60 with stops slightly above 98.00 round handle.
Target around 96.50 which was the recent congestion area. (Target is subject to change once a rejection at 97.50 has been confirmed)