FX.co - USD/JPY near key support, a bounce is possible!

2019-05-24T02:40:31

Relevance until2019-05-25

USDJPY near key support, a bounce to first resistance is possible

Entry: 109.49

Why it's good : 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support

Stop Loss : 109.08

Why it's good :horizontal swing low support

Take Profit : 110.69

Why it's good: 100% Fibonacci extension, horizontal swing high resistance. 78.6% &50% Fibonacci retracement

USD/JPY near key support, a bounce is possible!

*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 near key support, a bounce is possible!