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USDJPY testing its support, potential to rise further!

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USDJPY is testing its support area at 106.65 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support, ascending support line) where it could potentially rise to its 1st resistance at 108.02 (100% Fibonacci extension, 61.8% Fibonacci extension, horizontal pullback resistance). We have also identified another support at 106.08 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support).

Stochastic (34, 5, 3) made a corresponding bounce off its support where it has a lot of upside potential.
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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Bitcoin (Cryptocurrency)Chart PatternsForexforexsignalsHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpylongusdjpyshort

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Bitcoin (Cryptocurrency)Chart PatternsForexforexsignalsHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpylongusdjpyshort
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.
Juga di:

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.