USDJPY approaching support, potential bounce!
USDJPY is approaching our first support at 111.94 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension) where we might see a strong bounce in price to our major resistance at 112.66 (horizontal swing high resistance, 78.6% Fibonacci retracement).
Stochastics (21,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastics (21,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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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