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Expert In



USD/JPY Approaching Support, Prepare For A Bounce

Price is approaching first support where we are expecting a bounce from this level.

Entry : 111.390

Why it's good : horizontal swing low support,61.8% fibonacci retracement, 100% Fibonacci extension

Stop Loss : 111.206

Why it's good :76.4% fibonacci retracement, horizontal pullback support

Take Profit : 112.020

Why it's good : horizontal swing high resistance, 61.8% fibonacci retracement.100% Fibonacci extension


The material has been provided by InstaForex Company -