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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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USDJPY is approaching support at 105.59 , possible bounce!

Entry :105.66

Why it's good : horizontal pullback resistance

100% Fibonacci extension

50% Fibonacci retracement

Take Profit : 106.28

Why it's good :Horizontal swing low support

78.6% Fibonacci retracement

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