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CHFJPY Bounced Off Support, Potential For A Further Rise

Oleh ICmarkets
Broker
CHFJPY bounced off its support at 112.32 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 113.25 (50% Fibonacci retracement, horizontal pullback resistance).

Stochastic (89, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur.

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ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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