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FX.co ★ USD/JPY reaching support, potential bounce!

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Forex Analysis:::2019-08-05T06:44:38

USD/JPY reaching support, potential bounce!

USD/JPY reaching support, potential bounce!

USDJPY is testing our first support at 105.77 where we are expecting a bounce up this level.

Entry :105.77

Why it's good : 78.6% Fibonacci retracement, 61.8% Fibonacci extension*2, horizontal swing low support

Take Profit : 107.22

Why it's good : horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension

USD/JPY reaching support, potential bounce!

Analyst InstaForex
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