USD/JPY reaching support, potential bounce!

USDJPY is testing our first support at 105.77 where we are expecting a bounce up this level.

Entry :105.77

Why it's good : 78.6% Fibonacci retracement, 61.8% Fibonacci extension*2, horizontal swing low support

Take Profit : 107.22

Why it's good : horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension