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