FX.co - USD/JPY bouncing off 1st support, further rally!

2019-07-29T04:38:10

Relevance until2019-07-30

USDJPY bouncing off 1st support at 108.365 where a further rally could occur.

Entry :108.365

Why it's good : 23.6% Fibonacci retracement

Horizontal swing low support

Take Profit : 108.75

Why it's good : horizontal swing high resistance

100% Fibonacci extension

78.6% Fibonacci retracement

USD/JPY bouncing off 1st support, further rally!

*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 bouncing off 1st support, further rally!