USDJPY is approaching 1st support of 109.064, in line with 50% Fibonacci extension . Prices are expected to rally to 1st resistance of 109.462, in line with 78.6% Fibonacci extension . Prices may fall to 2nd support of 108.809, in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension . Indicator supports a bullish view. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.



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