USDJPY is approaching 1st resistance at 106.78, potential drop could occur.
Entry :106.78
Why it's good : horizontal swing high resistance
100% &61.8% Fibonacci extension
Take Profit : 105.70
Why it's good :horizontal swing low support
100% Fibonacci extension
38.2% Fibonacci retracement
The material has been provided by InstaForex Company - www.instaforex.com