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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 approaching resistance, possible drop!

analytics5d2571e3e8f8c.jpg

Price is reaching resistance at 109.002, a drop could occur!

Entry :109.002

Why it's good : horizontal pullback resistance

61.8% Fibonacci extension

38.2% Fibonacci retracement

Take Profit : 108.592

Why it's good : Horizontal pullback support

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