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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 approaching upside confirmation, potential

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USDJPY is reversing off 1st resistance at 107.49 and could drop further from here!

Entry :107.49

Why it's good :horizontal swing high resistance

61.8% Fibonacci retracement

61.8% Fibonacci extension

Take Profit : 107.09

Why it's good :horizontal pullback support

23.6% Fibonacci retracement, 61.8% Fibonacci extension

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