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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 to test resistance, a bounce is possible!

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USDJPY to test key resistance, a drop to 1st support is possible

Entry:109.012

Why it's good : 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance

Stop Loss : 109.909

Why it's good :76.4% Fibonacci retracement,horizontal swing high resistance

Take Profit : 107.854

Why it's good: horizontal swing low support

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