USD/JPY broke below intermediate support; further drop

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USDJPY is breaking below intermediate support at 106.29 where we are expecting a further drop below this level.

Entry :106.29

Why it’s good : horizontal overlap support

Take Profit : 105.83

Why it’s good : 61.8% Fibonacci extension

Horizontal overlap support

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

Source:: USD/JPY broke below intermediate support, further drop !

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