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FX.co ★ USD/JPY Approaching Support, Prepare For A Bounce

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Forex Analysis:::2019-04-30T02:14:15

USD/JPY Approaching Support, Prepare For A Bounce

Price is approaching first support where we are expecting a bounce from this level.

Entry : 111.390

Why it's good : horizontal swing low support,61.8% fibonacci retracement, 100% Fibonacci extension

Stop Loss : 111.206

Why it's good :76.4% fibonacci retracement, horizontal pullback support

Take Profit : 112.020

Why it's good : horizontal swing high resistance, 61.8% fibonacci retracement.100% Fibonacci extension

USD/JPY Approaching Support, Prepare For A Bounce

Analyst InstaForex
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