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USD/JPY approaching resistance, further drop
USDJPY is approaching 1st resistance at 106.77, potential drop could occur!
Entry :106.77
Why it’s good : horizontal pullback resistance
61.8% Fibonacci extension
38.2% Fibonacci retracement
Take Profit : 106.12
Why it’s good :38.2% Fibonacci retracement
Horizontal swing low support
The material has been provided by InstaForex Company – www.instaforex.com