05.09.201906:43 Forex Analysis & Reviews: USD/JPY approaching resistance, potential drop!

Exchange Rates 05.09.2019 analysis

USDJPY is approaching 1st resistance at 106.78, potential drop could occur.

Entry :106.78

Why it's good : horizontal swing high resistance

100% &61.8% Fibonacci extension

Take Profit : 105.70

Why it's good :horizontal swing low support

100% Fibonacci extension

38.2% Fibonacci retracement

Exchange Rates 05.09.2019 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 © 2007-2020
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