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

1 August 2019 at 5:09AM (UTC+0)

Relevance until2 August 2019 at 5:09AM (UTC+0)

USDJPY is approaching 1st support at 109.449, potential bounce could occur!

Entry :109.449

Why it's good :23.6% Fibonacci retracement

Horizontal pullback support

Take Profit : 109.593

Why it's good : 100% Fibonacci extension *2

50% Fibonacci retracement

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!