USD/JPY approaching support, possible bounce!

analytics5d26c94f75f53.jpg

Price is reaching support at 107.742, a d bounce could occur!

Entry :107.742

Why it's good : Horizontal pullback support

61.8% Fibonacci retracement

61.8% Fibonacci extension

Take Profit : 109.002

Why it's good : horizontal pullback resistance

61.8% Fibonacci extension

38.2% Fibonacci retracement

analytics5d26c926d05a7.png

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