USD/JPY reversed from selling area, remain bearish

Price reached our selling area as expected and is starting to reverse. Remain bearish selling below 102.25 resistance (Fibonacci retracement, horizontal resistance) for a drop to 100.00 support.

RSI (21) is crossing below 69% major resistance.

Stochastics (21,5,3) has reacted off 92% major resistance level as expected.

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Sell below 102.25 resistance. Stop loss is at 103.20. Take profit could be at 100.00

The material has been provided by InstaForex Company – www.instaforex.com

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