19.06.201904:18 USD/JPY approaching resistance, potential reversal!

Exchange Rates 19.06.2019 analysis

Price is approaching its resistance where it could potentially reverse back down to its support at 0.6861.

Entry : 109.012

Why it's good : 23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance

Stop Loss : 109.944

Why it's good : 76.4% Fibonacci retracement

Take Profit : 108.147

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

Exchange Rates 19.06.2019 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
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