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

USDJPY is testing our first support at 105.83 where we are expecting a bounce up this level.

Entry :105.83

Why it's good : 61.8% Fibonacci extension*2, horizontal overlap support

Take Profit : 107.25

Why it's good : horizontal pullback resistance

61.8% Fibonacci extension

38.2% Fibonacci retracement