FX.co - USD/JPY approaching support, potential bounce!

4 December 2019 at 3:47AM (UTC+0)

Relevance until5 December 2019 at 3:47AM (UTC+0)

Trading Recommendation

Entry: 107.898

Reason for Entry: 127% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support

Take Profit : 109.852

Reason for Take Profit: horizontal swing high resistance

100% Fibonacci extension

Stop Loss: 106.62

Reason for Stop loss:

horizontal swing low support

61.8% Fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USD/JPY approaching support, potential bounce!