USD/JPY approaching resistance, possible drop!

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Price is reaching support at 108.592, a drop could occur!

Entry :108.592

Why it's good :

horizontal pullback resistance

61.8% Fibonacci retracement

100% Fibonacci extension

Take Profit : 107.902

Why it's good :

50% Fibonacci retracement

76.4% Fibonacci retracement

61.8% Fibonacci extension

Horizontal overlap support

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