FX.co - USD/JPY Approaching Support, Prepare For A Bounce

2019-04-30T02:14:15

Relevance until2019-05-01

Price is approaching first support where we are expecting a bounce from this level.

Entry : 111.390

Why it's good : horizontal swing low support,61.8% fibonacci retracement, 100% Fibonacci extension

Stop Loss : 111.206

Why it's good :76.4% fibonacci retracement, horizontal pullback support

Take Profit : 112.020

Why it's good : horizontal swing high resistance, 61.8% fibonacci retracement.100% Fibonacci extension

USD/JPY Approaching Support, Prepare For A Bounce

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USD/JPY Approaching Support, Prepare For A Bounce