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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 support , potential bounce!

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USDJPY is approaching 1st support at 108.365, potential bounce could occur!

Entry :108.365

Why it's good :38.2% Fibonacci retracement

61.8% Fibonacci extension

Horizontal pullback support

Take Profit : 108.956

Why it's good : horizontal swing high resistance

100% Fibonacci extension

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