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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 resistance, possible drop!

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Price is reaching resistance at 108.740, a drop could occur!

Entry :108.740

Why it's good : horizontal swing high resistance

61.8% Fibonacci extension

50% Fibonacci retracement

Take Profit : 107.885

Why it's good :38.2% Fibonacci retracement

61.8% Fibonacci extension

Horizontal swing low support

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