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08.08.201908:07 Forex Analysis & Reviews: USD/JPY reversing off intermediate resistance, further drop !

Exchange Rates 08.08.2019 analysis

USDJPY is reversing off intermediate support at 106.29 where we are expecting a further drop below this level.

Entry :106.29

Why it's good : horizontal overlap support

Take Profit : 105.83

Why it's good : 61.8% Fibonacci extension

Horizontal overlap support

Exchange Rates 08.08.2019 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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