USD/JPY approaching resistance, potential drop!

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USDJPY approaching 1st resistance at 107.57, a drop could occur!

Entry :107.57

Why it's good :

horizontal pullback resistance

61.8% Fibonacci extension

Take Profit : 107.25

Why it's good :

100% Fibonacci extension

horizontal swing low support

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