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26.07.201906:20 Forex Analysis & Reviews: USD/JPY reverse off resistance, further drop!

Exchange Rates 26.07.2019 analysis

USDJPY reversing off 1st resistance at 108.75 where a reversal could occur.

Entry :108.75

Why it's good : horizontal swing high resistance

61.8% Fibonacci extension

100% Fibonacci extension

78.6% Fibonacci retracement

Take Profit : 108.36

Why it's good : 23.6% Fibonacci retracement

Horizontal swing low support

Exchange Rates 26.07.2019 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
InstaForex Group © 2007-2021
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