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
The material has been provided by InstaForex Company – www.instaforex.com
Source:: USD/JPY break out, potential drop !