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FX.co ★ USD/JPY bouncing off 1st support, further rally!

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Forex Analysis:::2019-07-29T04:38:10

USD/JPY bouncing off 1st support, further rally!

USD/JPY bouncing off 1st support, further rally!

USDJPY bouncing off 1st support at 108.365 where a further rally could occur.

Entry :108.365

Why it's good : 23.6% Fibonacci retracement

Horizontal swing low support

Take Profit : 108.75

Why it's good : horizontal swing high resistance

100% Fibonacci extension

78.6% Fibonacci retracement

USD/JPY bouncing off 1st support, further rally!

Analyst InstaForex
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