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

2019-06-18T02:05:39

Relevance until2019-06-19

Price is approaching its support where it could potentially bounce up to its resistance.

Entry : 108.147

Why it's good : 76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low resistance

Stop Loss : 107.854

Why it's good : horizontal swing low support

Take Profit : 109.012

USD/JPY approaching support, potential 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, potential bounce!