USDJPY Bounced Off Support, Potential For A Further Rise
USDJPY bounced nicely off its support at 113.56(61.8% Fibonacci extension, 23.6% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 114.04 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is bounced off its support at 11.2% where a corresponding rise could occur.
Stochastic (55, 5, 3) is bounced off its support at 11.2% where a corresponding rise could occur.
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