FX.co - USD/JPY approaching key support, potential to bounce!

2019-05-09T01:55:53

Relevance until2019-05-10

USDJPY is approaching its support where it could potentially bounce

Entry: 109.91

Why it's good :100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support

Stop Loss : 109.53

Why it's good : 61.8% fibonacci retracement

Take Profit : 110.91

Why it's good: 38.2% Fibonacci retracement, 61.8% Fibonacci retracement horizontal swing high resistance

USD/JPY approaching key support, potential to 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 key support, potential to bounce!