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

2019-06-20T02:53:09

Relevance until2019-06-21

Price is approaching its support where it could potentially bounce up to its resistance at 108.161

Entry : 107.492

Why it's good : 61.8% Fibonacci extension

Take Profit : 108.161

Why it's good : 50% Fibonacci retracement, horizontal pullback resistance, 61.8% Fibonacci extension

USD/JPY approaching support, possible 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, possible bounce!