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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 bouncing off 1st support, further bounce!

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USDJPY is bouncing off 1st support at 105.082 where we are expecting a further bounce up this level.

Entry :105.082

Why it's good : horizontal overlap support

Take Profit : 106.71

Why it's good : 100% Fibonacci extension

38.2% Fibonacci retracement

Horizontal swing high support

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