USD/JPY approaching support, potential bounce!

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Trading Recommendation

Entry: 107.898

Reason for Entry: 127% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support

Take Profit : 109.852

Reason for Take Profit: horizontal swing high resistance

100% Fibonacci extension

Stop Loss: 106.62

Reason for Stop loss:

horizontal swing low support

61.8% Fibonacci retracement

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