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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 approaching 1st resistance, potential to rise further!

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USDJPY is approaching 1st resistance at 108.23 and could reverse from here!

Entry :108.234

horizontal swing high resistance

100% Fibonacci extension

Take Profit : 107.46

Why it's good :38.2% Fibonacci retracement

23.6% Fibonacci retracement

Horizontal overlap support

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