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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 reaching resistance, potential drop!

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Price is approaching resistance where we might see a drop in price.

Entry : 107.828

Why it's good : horizontal overlap resistance,50% Fibonacci retracement, 61.8% Fibonacci extension

Take Profit : 107.235

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