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

2019-07-17T05:42:22

Relevance until2019-07-18

Price is reaching support at 108.110, a bounce could occur!

Entry :108.110

Why it's good :

50% Fibonacci retracement

100% Fibonacci extension

Horizontal overlap support

Take Profit : 108.566

Why it's good :

horizontal pullback resistance

61.8% Fibonacci retracement

100% 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!