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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, potential bounce!

Trading Recommendation

Entry: 109.378

Reason for Entry: 61.8% retracement, 100% Fibonacci extension

Take Profit : 109.666

Reason for Take Profit: horizontal swing high resistance

Stop Loss: 109.190

Reason for Stop loss:

horizontal overlap support, 38.2% retracement, 100% extension

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