USDJPY Potential For Dip | 1st Nov For FX:USDJPY By Desmondlzw

Price has recently broken out of the ascending trend line and is near the sell entry level of 114.310 which is 100% Fibonacci projection and 78.6% Fibonacci retracement . Price can then potentially dip to the take profit level of 113.245 which is also 23.6% Fibonacci retracement . Our bearish bias is supported by the stochastic indicator as it is near the resistance level .

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