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

2019-07-31T04:44:46

Relevance until2019-08-01

USDJPY is approaching 1st support at 108.365, potential bounce could occur!

Entry :108.365

Why it's good :38.2% Fibonacci retracement

61.8% Fibonacci extension

Horizontal pullback support

Take Profit : 108.956

Why it's good : horizontal swing high resistance

100% Fibonacci extension

USD/JPY reaching 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 reaching support , potential bounce!