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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 support, possible bounce!

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Price is reaching support at 107.875, a bounce could occur!

Entry :107.875

Why it's good :

78.6% Fibonacci retracement

61.8% Fibonacci extension

Horizontal overlap support

Take Profit : 108.592

Why it's good :

horizontal pullback resistance

61.8% Fibonacci retracement

100% Fibonacci extension

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