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22.07.201906:55 Forex Analysis & Reviews: USD/JPY approaching resistance, potential drop!

Exchange Rates 22.07.2019 analysis

USDJPY approaching 1st resistance at 108.1 where a reversal could occur.

Entry :108.10

Why it's good : horizontal swing high resistance, 61.8% Fibonacci extension, 50% & 76.4% Fibonacci retracement

Take Profit : 107.80

Why it's good : 38.2% Fibonacci retracement, horizontal overlap support

Exchange Rates 22.07.2019 analysis

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

Dean Leo,
Analytical expert of InstaForex
© 2007-2022
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