USDJPY approaching 1st resistance at 108.11 where a reversal could occur.
Entry :108.11
Why it's good : 50% & 76.4% Fibonacci retracement
61.8% Fibonacci extension
Horizontal overlap resistance
Take Profit : 107.80
Why it's good : 38.2% Fibonacci retracement, horizontal overlap support
The material has been provided by InstaForex Company - www.instaforex.com