USD/JPY approaching upside confirmation, potential drop!


USDJPY is reversing off 1st resistance at 107.49 and could drop further from here!

Entry :107.49

Why it’s good :horizontal swing high resistance

61.8% Fibonacci retracement

61.8% Fibonacci extension

Take Profit : 107.09

Why it’s good :horizontal pullback support

23.6% Fibonacci retracement, 61.8% Fibonacci extension


The material has been provided by InstaForex Company –

Source:: USD/JPY approaching upside confirmation, potential drop!

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