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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 reversed off 1st resistance, further drop!

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USDJPY reversed off 1st resistance at 108.956, further drop could occur!

Entry :108.956

Why it's good : horizontal swing high resistance

100% Fibonacci extension

Take Profit : 108.365

Why it's good : 38.2% Fibonacci retracement

61.8% Fibonacci extension

Horizontal pullback support

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