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06.05.2019 04:26 AM
USD/JPY approaching key support, potential to see a bounce!

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Price is approaching a key support at 110.07 where it could potentially bounce to its resistance.

Entry : 110.7

Why it's good :horizontal swing low support,78.6% fibonacci retracement.100% Fibonacci extension

Stop Loss : 109.72

Why it's good :horizontal swing low support

Take Profit : 111.14

Why it's good :horizontal swing high resistance,50% fibonacci retracement, 61.8% Fibonacci extension

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Dean Leo,
Analytical expert of InstaForex
© 2007-2024
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