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FX.co ★ USD/JPY approaching 1st resistance, potential to rise further!

USD/JPY approaching 1st resistance, potential to rise further!

USD/JPY approaching 1st resistance, potential to rise further!

USDJPY is approaching 1st resistance at 108.23 and could reverse from here!

Entry :108.234

horizontal swing high resistance

100% Fibonacci extension

Take Profit : 107.46

Why it's good :38.2% Fibonacci retracement

23.6% Fibonacci retracement

Horizontal overlap support

USD/JPY approaching 1st resistance, potential to rise further!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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