FX.co ★ USD/JPY bouncing off 1st support, further bounce!

USDJPY is bouncing off 1st support at 105.082 where we are expecting a further bounce up this level.

Entry :105.082

Why it's good : horizontal overlap support

Take Profit : 106.71

Why it's good : 100% Fibonacci extension

38.2% Fibonacci retracement

Horizontal swing high support