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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 support, potential to rise further!

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USDJPY is approaching 1st support at 107.46 and could bounce from there

Entry :38.2% Fibonacci retracement

23.6% Fibonacci retracement

Horizontal overlap support

Take Profit : 108.48

Why it's good : 61.8% Fibonacci extension

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