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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/JPY near key resistance, a drop is possible!

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Entry: 110.687

Why it's good : 100% Fibonacci extension, 78.6% & 50% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 111.051

Why it's good :61.8% Fibonacci retracement,horizontal overlap resistance

Take Profit : 109.49

Why it's good: 61.8% Fibonacci extension, horizontal swing low support. 76.4% Fibonacci retracement

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