USDJPY approaching support, potential bounce!

Price is approaching our first support at 111.40 (horizontal overlap support, 50% Fibonacci retracement ) where a strong bounce might occur above this level, pushing price up to our major resistance at 112.20 (horizontal pullback resistance, 61.8% Fibonacci retracement ).
RSI (89) is also seeing a bullish exit and approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsForexforexsignalsforextradingHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpylongusdjpyshort

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
更多:

免责声明