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06.08.2019 08:37 AM
USD/JPY reaching support, potential bounce!

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USDJPY is testing our first support at 105.83 where we are expecting a bounce up this level.

Entry :105.83

Why it's good : 61.8% Fibonacci extension*2, horizontal overlap support

Take Profit : 107.25

Why it's good : horizontal pullback resistance

61.8% Fibonacci extension

38.2% Fibonacci retracement

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Dean Leo,
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