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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 testing our first support at 105.77 where we are expecting a bounce up this level.

Entry :105.77

Why it's good : 78.6% Fibonacci retracement, 61.8% Fibonacci extension*2, horizontal swing low support

Take Profit : 107.22

Why it's good : horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension

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