18.06.201904:05 USD/JPY approaching support, potential bounce!

Exchange Rates 18.06.2019 analysis

Price is approaching its support where it could potentially bounce up to its resistance.

Entry : 108.147

Why it's good : 76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low resistance

Stop Loss : 107.854

Why it's good : horizontal swing low support

Take Profit : 109.012

Exchange Rates 18.06.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Show more
Can't speak right now?
Ask your question in the chat.