USDJPY approaching 1st resistance at 108.1 where a reversal could occur.
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
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.