29.07.201906:38 Forex Analysis & Reviews: USD/JPY bouncing off 1st support, further rally!

Exchange Rates 29.07.2019 analysis

USDJPY bouncing off 1st support at 108.365 where a further rally could occur.

Entry :108.365

Why it's good : 23.6% Fibonacci retracement

Horizontal swing low support

Take Profit : 108.75

Why it's good : horizontal swing high resistance

100% Fibonacci extension

78.6% Fibonacci retracement

Exchange Rates 29.07.2019 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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