USDJPY near support, could possibly bounce

2019年6月4日

USDJPY is approaching our first support at 107.73 (161.8% Fibonacci extension, horizontal swing low resistance, 61.8% Fibonacci retracement )where a strong bounce might occur pushing the price up to our major resistance at 109.19(horizontal swing high resistance, ,100%Fibonacci extension, 50% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.