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USDJPY near key resistance, a drop to first support is possible

Entry: 110.32

Why it’s good : 100% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 111.051

Why it’s good :61.8% Fibonacci retracement,horizontal overlap resistance

Take Profit : 109.05

Why it’s good: 100% Fibonacci extension, horizontal swing low support

The material has been provided by InstaForex Company – www.instaforex.com

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