FX.co - USD/JPY bouncing up intermediate support, further bounce!

2019-08-15T03:57:08

Relevance until2019-08-16

USDJPY is bouncing up intermediate support at 105.73, further rally could occur!

Entry :105.73

Why it's good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance

Take Profit : 106.71

Why it's good : Horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension

USD/JPY bouncing up intermediate support, further 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 bouncing up intermediate support, further bounce!