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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 up intermediate support, further bounce!

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USDJPY is bouncing up intermediate support at 105.73, further rally could occur!

Entry :105.73

Why it's good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance

Take Profit : 106.71

Why it's good : Horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension

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