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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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USDJPY broke support-turned-resistance, further drop!

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USDJPY broke support-turned-resistance at 107.81, further drop could occur!

Entry :107.81

Why it's good :

23.6% Fibonacci retracement

38.2% Fibonacci retracement

61.8% Fibonacci extension*2

horizontal pullback resistance

Take Profit : 107.57

Why it's good :

100% Fibonacci extension

horizontal swing low support

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