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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 bouncing off 1st support, further rally!

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USDJPY bouncing off 1st support at 108.365 where a further rally could occur.

Entry :108.365

Why it's good : 23.6% Fibonacci retracement

Horizontal swing low support

Take Profit : 108.75

Why it's good : horizontal swing high resistance

100% Fibonacci extension

78.6% Fibonacci retracement

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