USD/JPY break out, potential drop!

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Price is approaching 1st support at 107.49 and could breakout the level and drop further.

Entry : 107.49

Why it’s good : horizontal pullback support

61.8% Fibonacci extension

50% fibonacci retracement

Take Profit : 106.958

Why it’s good :61.8% Fibonacci extension

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The material has been provided by InstaForex Company – www.instaforex.com

Source:: USD/JPY break out, potential drop !

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