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USDJPY Approaching Support, Potential Bounce!

Oleh ICmarkets
Broker
USDJPY is approaching its support at 109.44 (76.4% Fibonacci retracement, 100% Fibonacci extension x2, horizontal swing low support) where it could potentially bounce up to its resistance at 111/40 (76.4% & 50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 6% where a corresponding bounce could occur.
Chart PatternsForexforexsignalsHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpylong
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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