USD/JPY bouncing off 1st support, further rally!

analytics5d3e781e6b19f.jpg

USDJPY bouncing off 1st support at 108.365 where a further rally could occur.

Entry :108.365

Why it's good : 23.6% Fibonacci retracement

Horizontal swing low support

Take Profit : 108.75

Why it's good : horizontal swing high resistance

100% Fibonacci extension

78.6% Fibonacci retracement

analytics5d3e77ff41b68.png

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