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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/JPY approaching key support, potential to see a bounce!

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Price is approaching a key support at 110.07 where it could potentially bounce to its resistance.

Entry : 110.7

Why it's good :horizontal swing low support,78.6% fibonacci retracement.100% Fibonacci extension

Stop Loss : 109.72

Why it's good :horizontal swing low support

Take Profit : 111.14

Why it's good :horizontal swing high resistance,50% fibonacci retracement, 61.8% Fibonacci extension

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